Zacks Investment Research downgraded Convergys Corp (NYSE:CVG) to Hold in a report released today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Convergys Corp (NYSE:CVG) to Hold in a report released on Tuesday October 11, 2016.
On 9/26/2016, Zacks Investment Research released a statement on Convergys Corp (NYSE:CVG) increased the target price from $0.00 to $33.00 that suggested an upside of 0.11%.
Boasting a price of $29.18, Convergys Corp (NYSE:CVG) traded -0.34% lower on the day. The last stock close price is up 6.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Convergys Corp has recorded a 50-day average of $29.72 and a two hundred day average of $27.79. Volume of trade was down over the average, with 373,030 shares of CVG changing hands under the typical 477,518
Convergys Corp has 52 week low of $22.53 and a 52 week high of $30.92 with a PE ratio of 17.32 and has a market capitalization of $0.
Also covering Convergys Corp's price target, a total of 4 analysts have released a report on Convergys Corp. The 12-month price target is $28.25 with one analyst rating the company a strong buy, one brokerage rating the company a buy, four brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Convergys Corp (NYSE:CVG)
Convergys Corporation is engaged in providing customer management services. The Company's primary focus is on growth with multinational corporations and other companies in communications and media, financial services, technology, healthcare, retail and other vertical markets. Its segments include North America and Rest of World. It provides a range of contact center services delivered through phone, e-mail and chat. It provides omni-channel contact center technology solutions, including multichannel interaction solutions, cross-channel integration framework, campaign management and others. It provides analytics and consulting solutions, including customer segmentation and profiling, digital channel optimization and others. It operates in approximately 150 locations in over 30 countries. It operates over 130 contact centers in approximately 30 countries. It integrates call center data servers and databases with over two primary data centers in Orlando, Florida, and Cincinnati, Ohio.
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