TeleTech Holdings, Inc. (TTEC) Given Consensus Recommendation of “Buy” by Brokerages

TeleTech Holdings, Inc. (NASDAQ:TTEC) has received an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. TeleTech Holdings’ rating score has improved by 6.8% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus price objective of $41.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned TeleTech Holdings an industry rank of 167 out of 265 based on the ratings given to related companies.

TTEC has been the topic of several research reports. Zacks Investment Research upgraded shares of TeleTech Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Friday, August 11th. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $43.00 price objective on shares of TeleTech Holdings in a research note on Monday.

ILLEGAL ACTIVITY WARNING: This news story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/09/teletech-holdings-inc-ttec-given-consensus-recommendation-of-buy-by-brokerages.html.

A number of institutional investors have recently made changes to their positions in TTEC. Great West Life Assurance Co. Can grew its stake in TeleTech Holdings by 8.1% during the first quarter. Great West Life Assurance Co. Can now owns 22,822 shares of the business services provider’s stock worth $674,000 after buying an additional 1,709 shares in the last quarter. First Trust Advisors LP grew its stake in TeleTech Holdings by 71.5% during the first quarter. First Trust Advisors LP now owns 50,270 shares of the business services provider’s stock worth $1,488,000 after buying an additional 20,961 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TeleTech Holdings by 7.1% during the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock worth $10,152,000 after buying an additional 22,856 shares in the last quarter. Karp Capital Management Corp acquired a new stake in TeleTech Holdings during the first quarter worth about $290,000. Finally, State of Tennessee Treasury Department grew its stake in TeleTech Holdings by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 15,439 shares of the business services provider’s stock worth $457,000 after buying an additional 2,330 shares in the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.

TeleTech Holdings (NASDAQ TTEC) traded up 3.24% on Monday, reaching $43.00. 93,425 shares of the company were exchanged. TeleTech Holdings has a 12-month low of $24.45 and a 12-month high of $43.45. The stock has a 50 day moving average of $40.06 and a 200 day moving average of $37.96. The firm has a market capitalization of $1.97 billion, a PE ratio of 44.70 and a beta of 0.92.

TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The business had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same period in the prior year, the company posted $0.28 earnings per share. TeleTech Holdings’s revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that TeleTech Holdings will post $1.77 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.25 per share. This represents a yield of 1.22%. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. The ex-dividend date is Wednesday, October 4th. TeleTech Holdings’s dividend payout ratio is presently 51.55%.

About TeleTech Holdings

TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

google_ad_client = AdClientID; google_ad_slot = "4341240663"; google_ad_width = 728; google_ad_height = 90; google_ad_channel="3357680739,1028988335,8569953935"

Brokers have set a 1-year consensus price objective of $41.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned TeleTech Holdings an industry rank of 167 out of 265 based on the ratings given to related companies.

TTEC has been the topic of several research reports. Zacks Investment Research upgraded shares of TeleTech Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Friday, August 11th. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $43.00 price objective on shares of TeleTech Holdings in a research note on Monday.

ILLEGAL ACTIVITY WARNING: This news story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/09/teletech-holdings-inc-ttec-given-consensus-recommendation-of-buy-by-brokerages.html.

A number of institutional investors have recently made changes to their positions in TTEC. Great West Life Assurance Co. Can grew its stake in TeleTech Holdings by 8.1% during the first quarter. Great West Life Assurance Co. Can now owns 22,822 shares of the business services provider’s stock worth $674,000 after buying an additional 1,709 shares in the last quarter. First Trust Advisors LP grew its stake in TeleTech Holdings by 71.5% during the first quarter. First Trust Advisors LP now owns 50,270 shares of the business services provider’s stock worth $1,488,000 after buying an additional 20,961 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TeleTech Holdings by 7.1% during the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock worth $10,152,000 after buying an additional 22,856 shares in the last quarter. Karp Capital Management Corp acquired a new stake in TeleTech Holdings during the first quarter worth about $290,000. Finally, State of Tennessee Treasury Department grew its stake in TeleTech Holdings by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 15,439 shares of the business services provider’s stock worth $457,000 after buying an additional 2,330 shares in the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.

TeleTech Holdings (NASDAQ TTEC) traded up 3.24% on Monday, reaching $43.00. 93,425 shares of the company were exchanged. TeleTech Holdings has a 12-month low of $24.45 and a 12-month high of $43.45. The stock has a 50 day moving average of $40.06 and a 200 day moving average of $37.96. The firm has a market capitalization of $1.97 billion, a PE ratio of 44.70 and a beta of 0.92.

TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The business had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same period in the prior year, the company posted $0.28 earnings per share. TeleTech Holdings’s revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that TeleTech Holdings will post $1.77 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.25 per share. This represents a yield of 1.22%. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. The ex-dividend date is Wednesday, October 4th. TeleTech Holdings’s dividend payout ratio is presently 51.55%.

About TeleTech Holdings

TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).

Get a free copy of the Zacks research report on TeleTech Holdings (TTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.