TTEC (NASDAQ:TTEC) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a research report report published on Wednesday morning.

TTEC Price Performance

TTEC stock opened at $3.67 on Wednesday. The firm has a 50 day moving average price of $4.06 and a 200-day moving average price of $4.64. TTEC has a 52-week low of $3.37 and a 52-week high of $18.44. The firm has a market capitalization of $175.17 million, a price-to-earnings ratio of -0.53, a PEG ratio of 1.53 and a beta of 1.04. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93.

Institutional Investors Weigh In On TTEC

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in shares of TTEC by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 4,117 shares in the last quarter. American Century Companies Inc. increased its position in shares of TTEC by 13.4% during the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 4,313 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of TTEC by 24.2% during the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 4,981 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TTEC by 20.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 6,273 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 7,347 shares in the last quarter. Institutional investors own 38.03% of the company’s stock.

About TTEC

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.