Sidoti & Co. Initiates Coverage on TeleTech Holdings to Neutral

Sidoti & Co. Initiates Coverage on TeleTech Holdings(NASDAQ:TTEC). The shares have been rated Neutral. The rating by Sidoti & Co. was issued on Aug 29, 2016.

In a different note, On Aug 8, 2016, Wells Fargo said it Downgrades its rating on TeleTech Holdings. The shares have been rated ‘Market Perform’ by the firm.

TeleTech Holdings (TTEC) made into the market gainers list on Thursdays trading session with the shares advancing 0.39% or 0.11 points. Due to strong positive momentum, the stock ended at $28.46, which is also near the day’s high of $28.71. The stock began the session at $28.41 and the volume stood at 87,367 shares. The 52-week high of the shares is $30.75 and the 52 week low is $24.19. The company has a current market capitalization of $1,345 M and it has 4,72,43,253 shares in outstanding.

TeleTech Holdings(TTEC) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $305.11M. Analysts had an estimated revenue of $305.72M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Gregory A Conley (director) sold 1,500 shares at $27.34 per share price.Also, 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.

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