grep -q
exits from 0 if any match is found, otherwise it exits from 1, so you need to delete! and == comparison:
if grep -q "teamspeak.com" /etc/hosts; then echo "Exists" else echo "Add to etc host ting here" >> /etc/hosts; fi
Note that this is not a word-based search, so it finds myteamspeak.com or teamspeak.com.us. To get the whole host name, you need to use the cut command with delimiters.
To add a new host usage:
echo "127.0.0.1 teamspeak.com" >> /etc/hosts
source share