Convergys (CVG) Given News Sentiment Score of 0.27
Media headlines about Convergys (NYSE:CVG) have trended positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Convergys earned a news impact score of 0.27 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.7111773687291 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Convergys from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Barrington Research assumed coverage on shares of Convergys in a research note on Tuesday, October 17th. They issued a “market perform” rating on the stock. ValuEngine cut shares of Convergys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup lowered their price objective on shares of Convergys from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Convergys in a research note on Tuesday, October 24th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Convergys has an average rating of “Hold” and a consensus target price of $26.00.
Shares of Convergys (NYSE:CVG) traded up $0.02 on Friday, hitting $21.63. 73,454 shares of the stock traded hands, compared to its average volume of 1,090,908. The firm has a market cap of $2,029.37, a PE ratio of 16.63, a P/E/G ratio of 1.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.60 and a quick ratio of 2.60. Convergys has a 12 month low of $20.15 and a 12 month high of $26.66.
In other Convergys news, Director Jeffrey H. Fox sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $23.77, for a total value of $594,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrea J. Ayers sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $24.15, for a total transaction of $724,500.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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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.
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