TTEC Upgraded by StockNews.com to Hold Rating

TTEC (NASDAQ:TTEC) received an upgrade from equities research analysts at StockNews.com, moving from a "sell" rating to a "hold" rating as revealed in a report released on Friday.

TTEC Stock Performance

In midday trading on Friday, TTEC shares increased by 1.1%, gaining $0.04 and reaching a price of $3.55. The trading volume for the company was 256,749 shares, slightly below its average volume of 271,158. TTEC holds a debt-to-equity ratio of 3.47, alongside a current ratio and quick ratio of 1.93 each. Specifically, TTEC has seen a fifty-two week low of $3.37 and a high of $19.74. The company's fifty-day moving average stands at $4.31, while its 200-day moving average is $4.83. With a market capitalization of $169.44 million, TTEC also has a PE ratio of -0.51, a price-to-earnings-growth ratio of 1.40, and a beta of 1.04.

Institutional Investors' Activity

Recent activities from several institutional investors have influenced TTEC's stock. XTX Topco Ltd established a new position in the third quarter valued at approximately $59,000. Meanwhile, GAMMA Investing LLC increased its holdings in TTEC by a remarkable 1,054.6% during the fourth quarter, now owning 12,828 shares worth around $64,000 after adding 11,717 shares. Similarly, Quantbot Technologies LP raised its stakes in TTEC by 140.5% in the same period, now owning 12,883 shares valued at approximately $64,000 after buying an additional 7,527 shares. Pacific Sun Financial Corp also bought new shares in TTEC during the fourth quarter worth about $72,000. Additionally, JPMorgan Chase & Co. expanded its holdings in TTEC by 77.0%, acquiring 16,892 shares worth around $84,000 after adding 7,347 shares. Currently, institutional investors and hedge funds hold 38.03% of TTEC’s stock.

Overview of TTEC

TTEC Holdings, Inc. operates as a customer experience (CX) company, specializing in designing, building, and managing technology-enabled customer interactions across both digital and live channels. The company operates through two primary segments: TTEC Digital and TTEC Engage. The TTEC Digital segment focuses on providing CX technologies for contact center as a service, customer relationship management, artificial intelligence (AI), and analytics. It also develops strategic CX transformation roadmaps, provides managed services for cloud-based and premise-based CX technologies, and offers consulting services for custom client needs.

Conclusion

The recent upgrade of TTEC by StockNews.com to a hold rating indicates a more cautious outlook but does not signal an immediate buy recommendation. Investors are advised to monitor the stock and stay informed about upcoming changes in market conditions or company performance.

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