BidaskClub cut shares of TeleTech (NASDAQ:TTEC) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.
TTEC has been the topic of several other reports. Zacks Investment Research raised TeleTech from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Tuesday, November 14th. SunTrust Banks reaffirmed a hold rating and issued a $43.00 price objective on shares of TeleTech in a research note on Monday, October 9th. Finally, ValuEngine lowered TeleTech from a buy rating to a hold rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. TeleTech has an average rating of Hold and a consensus target price of $44.00.
TeleTech (TTEC) traded up $0.65 on Friday, hitting $40.65. The stock had a trading volume of 57,822 shares, compared to its average volume of 43,620. The firm has a market cap of $1,833.96, a price-to-earnings ratio of 38.71, a P/E/G ratio of 1.98 and a beta of 0.89. TeleTech has a 12 month low of $28.20 and a 12 month high of $43.75. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.64.
In related news, SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 70.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of TeleTech by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 348,253 shares of the business services provider’s stock valued at $14,208,000 after purchasing an additional 5,272 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of TeleTech by 5.9% during the second quarter. Legal & General Group Plc now owns 27,926 shares of the business services provider’s stock valued at $1,139,000 after purchasing an additional 1,560 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of TeleTech by 88.4% during the second quarter. BNP Paribas Arbitrage SA now owns 5,880 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 2,759 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of TeleTech by 58.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 30,806 shares of the business services provider’s stock valued at $1,257,000 after purchasing an additional 11,323 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of TeleTech by 17.7% during the second quarter. Victory Capital Management Inc. now owns 6,855 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 1,029 shares in the last quarter. 24.80% of the stock is currently owned by institutional investors and hedge funds.
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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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