TeleTech Holdings (TTEC) is Downgraded by Wells Fargo to Market Perform

TeleTech Holdings (TTEC) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, TeleTech Holdings reported $0.28 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $305.11 million for the quarter, compared to analysts expectations of $305.71 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

TeleTech Holdings opened for trading at $28.9 and hit $30.25 on the upside on Friday, eventually ending the session at $30.24, with a gain of 4.64% or 1.34 points. The heightened volatility saw the trading volume jump to 1,06,198 shares. Company has a market cap of $1,429 M.

In a different news, on Aug 5, 2016, Gregory A Conley (director) sold 1,500 shares at $27.34 per share price. According to the SEC, on Jul 14, 2016, Martin F Deghetto (EVP, CMS) sold 14,245 shares at $28.40 per share price. On Jun 9, 2016, Steven C Pollema (SVP, CTS) sold 4,800 shares at $27.47 per share price, according to the Form-4 filing with the securities and exchange commission.

TeleTech Holdings Inc. (TeleTech) is a customer engagement management service provider that delivers integrated consulting technology growth and customer care solutions on a global scale. The Company’s segments include Customer Management Services (CMS) which designs and manages clients’ front-to-back office processes to deliver just-in-time personalized multi-channel interactions; Customer Growth Services (CGS) which offers integrated sales and marketing solutions to help its clients boost revenue in new fragmented or underpenetrated business-to-consumer (B2C) or business-to-business (B2B) markets; Customer Technology Services (CTS) which architects deploys and hosts or manages the client’s customer management environments and Customer Strategy Services (CSS) which helps its clients design build and execute the customer engagement strategies. Its solutions are delivered in 24 countries from 59 delivery centers on six continents.

TeleTech Holdings

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