TTEC (NASDAQ:TTEC) Stock Rating Upgraded by StockNews.com

TTEC (NASDAQ:TTEC) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $3.55 on Friday. The stock has a market cap of $169.44 million, a PE ratio of -0.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. TTEC has a fifty-two week low of $3.37 and a fifty-two week high of $19.74. 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 stock has a fifty day moving average of $4.28 and a 200-day moving average of $4.77.

Hedge Funds Weigh In On TTEC

Several hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in shares of TTEC by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 4,117 shares in the last quarter. American Century Companies Inc. grew its position in shares of TTEC by 13.4% in the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 4,313 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of TTEC by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 6,273 shares in the last quarter. JPMorgan Chase & Co. grew its position in TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after buying an additional 7,347 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after buying an additional 7,527 shares in the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

About TTEC

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.