TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Average Target Price from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.90.

Separately, StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTEC. Royce & Associates LP boosted its holdings in TTEC by 77.6% in the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after buying an additional 344,496 shares during the period. Walleye Capital LLC boosted its holdings in TTEC by 44.3% in the 3rd quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after buying an additional 135,355 shares during the period. Marshall Wace LLP bought a new position in TTEC in the 2nd quarter worth approximately $413,000. ClearAlpha Technologies LP bought a new position in TTEC in the 3rd quarter worth approximately $411,000. Finally, BNP Paribas Financial Markets boosted its holdings in TTEC by 40.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock valued at $1,123,000 after purchasing an additional 55,407 shares during the period. 38.03% of the stock is owned by institutional investors.

TTEC Trading Down 2.3 %

Shares of TTEC stock opened at $3.43 on Friday. The company has a 50 day moving average of $4.44 and a 200-day moving average of $4.93. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC has a 12-month low of $3.37 and a 12-month high of $19.74. The firm has a market cap of $163.71 million, a P/E ratio of -0.49, a PEG ratio of 1.40 and a beta of 1.04.

TTEC Company Profile

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.