TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Consensus Price Target from Brokerages

TTEC Holdings, Inc. (NASDAQ:TTECGet Free Report) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.90.

TTEC has been the topic of several analyst reports. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. Northland Securities reduced their target price on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group lowered their price target on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th.

Get Our Latest Analysis on TTEC

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System bought a new position in shares of TTEC during the first quarter valued at $86,000. Vanguard Group Inc. lifted its holdings in TTEC by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after purchasing an additional 160,567 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in TTEC by 46.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,619 shares of the business services provider’s stock valued at $245,000 after buying an additional 7,488 shares in the last quarter. Invenomic Capital Management LP bought a new stake in TTEC during the first quarter worth about $2,910,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TTEC during the second quarter worth approximately $121,000. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $5.16 on Friday. The firm has a market cap of $246.28 million, a price-to-earnings ratio of -0.74, a P/E/G ratio of 3.25 and a beta of 1.05. TTEC has a 1 year low of $3.67 and a 1 year high of $22.69. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The business has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $5.70.

About TTEC

(Get Free Report

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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Analyst Recommendations for TTEC (NASDAQ:TTEC)

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