Convergys Corp (NYSE:CVG) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.
CVG has been the subject of several recent research reports. Zacks Investment Research lowered shares of Convergys from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Citigroup decreased their price objective on shares of Convergys from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Barrington Research started coverage on shares of Convergys in a report on Tuesday, October 17th. They issued a “market perform” rating for the company. ValuEngine lowered shares of Convergys from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Robert W. Baird restated a “hold” rating and issued a $28.00 price objective on shares of Convergys in a report on Tuesday, October 24th.
In related news, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $24.15, for a total value of $724,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey H. Fox sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $23.77, for a total transaction of $594,250.00. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Convergys (CVG) opened at $21.55 on Friday. Convergys has a 1-year low of $20.15 and a 1-year high of $26.66. The stock has a market cap of $1,997.03, a P/E ratio of 11.56, a PEG ratio of 1.30 and a beta of 1.02. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.25.
Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.
Receive News & Ratings for Convergys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Convergys and related companies with MarketBeat.com's FREE daily email newsletter.