BidaskClub Lowers TeleTech (TTEC) to Sell

BidaskClub downgraded shares of TeleTech (NASDAQ:TTEC) from a hold rating to a sell rating in a research report report published on Tuesday.

A number of other analysts have also recently issued reports on the company. ValuEngine cut TeleTech from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research cut TeleTech from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, SunTrust Banks reissued a hold rating and set a $43.00 price objective on shares of TeleTech in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $43.50.

Shares of TeleTech (TTEC) opened at $40.20 on Tuesday. The company has a market capitalization of $1,831.67, a price-to-earnings ratio of 24.97, a PEG ratio of 2.28 and a beta of 0.89. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64. TeleTech has a 12-month low of $28.20 and a 12-month high of $43.75.

TeleTech (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $359.04 million during the quarter, compared to analysts’ expectations of $348.94 million. TeleTech had a return on equity of 19.24% and a net margin of 3.45%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. research analysts expect that TeleTech will post 1.75 EPS for the current year.

In related news, SVP Steven C. Pollema sold 9,000 shares of TeleTech stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEC. Municipal Employees Retirement System of Michigan lifted its position in shares of TeleTech by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock worth $152,000 after buying an additional 160 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of TeleTech by 4.3% in the second quarter. Thrivent Financial For Lutherans now owns 9,360 shares of the business services provider’s stock worth $382,000 after buying an additional 390 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of TeleTech by 2.2% in the second quarter. TD Asset Management Inc. now owns 23,600 shares of the business services provider’s stock worth $963,000 after buying an additional 500 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of TeleTech by 8.1% in the second quarter. Voya Investment Management LLC now owns 10,136 shares of the business services provider’s stock worth $414,000 after buying an additional 759 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of TeleTech by 17.7% in the second quarter. Victory Capital Management Inc. now owns 6,855 shares of the business services provider’s stock worth $280,000 after buying an additional 1,029 shares during the last quarter. 24.88% of the stock is owned by hedge funds and other institutional investors.

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TeleTech Company Profile

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).

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