Convergys Corp. Upgraded by Zacks to Outperform (CVG)
Convergys Corp. (NYSE:CVG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, American Banking News reports. The firm currently has a $24.00 price objective on the stock. Zacks‘ target price would indicate a potential upside of 9.24% from the company’s current price.
Shares of Convergys Corp. (NYSE:CVG) traded down 0.41% on Thursday, hitting $21.88. 321,021 shares of the company’s stock traded hands. Convergys Corp. has a one year low of $15.05 and a one year high of $24.43. The stock’s 50-day moving average is $20.64 and its 200-day moving average is $19.33. The company has a market cap of $2.226 billion and a price-to-earnings ratio of 21.65.
Convergys Corp. (NYSE:CVG) last released its earnings data on Thursday, November 7th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $524.04 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Convergys Corp. will post $1.10 earnings per share for the current fiscal year.
Separately, analysts at Ned Davis Research upgraded shares of Convergys Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
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