TTEC (NASDAQ:TTEC - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.
Several other brokerages also recently weighed in on TTEC. Guggenheim upgraded TTEC from a "sell" rating to a "neutral" rating in a research note on Tuesday, October 1st. Northland Securities cut their target price on TTEC from $19.00 to $16.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group dropped their price target on shares of TTEC from $8.00 to $4.50 and set a "hold" rating for the company in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.90.
Check Out Our Latest Stock Analysis on TTEC
TTEC Stock Down 1.0 %
Shares of NASDAQ:TTEC traded down $0.05 during midday trading on Friday, hitting $4.74. 674,209 shares of the company's stock traded hands, compared to its average volume of 548,831. TTEC has a twelve month low of $3.67 and a twelve month high of $22.69. The firm's fifty day moving average price is $5.05 and its two-hundred day moving average price is $5.87. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $226.24 million, a PE ratio of -0.68, a P/E/G ratio of 3.16 and a beta of 1.05.
Institutional Trading of TTEC
A number of institutional investors and hedge funds have recently modified their holdings of TTEC. XTX Topco Ltd acquired a new position in TTEC in the third quarter valued at approximately $59,000. Vanguard Personalized Indexing Management LLC bought a new stake in TTEC in the second quarter valued at $72,000. Nisa Investment Advisors LLC boosted its holdings in shares of TTEC by 280.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider's stock valued at $78,000 after acquiring an additional 9,809 shares during the period. Magnetar Financial LLC bought a new position in shares of TTEC during the second quarter worth about $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of TTEC in the 1st quarter worth about $86,000. 38.03% of the stock is owned by institutional investors and hedge funds.
About TTEC
(
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TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.
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