Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Convergys (CVG) Stock Price
News headlines about Convergys (NYSE:CVG) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Convergys earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.0524215452479 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research analysts recently weighed in on CVG shares. Zacks Investment Research lowered shares of Convergys from a “hold” rating to a “sell” rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and set a $26.00 price objective on shares of Convergys in a research note on Monday, October 9th. Citigroup dropped their price objective on shares of Convergys from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Barrington Research started coverage on shares of Convergys in a research note on Tuesday, October 17th. They set a “market perform” rating for the company. Finally, ValuEngine lowered shares of Convergys from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.00.
Convergys (NYSE:CVG) opened at $23.20 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market cap of $2,180.00, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.08. Convergys has a one year low of $20.15 and a one year high of $26.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. Convergys’s dividend payout ratio (DPR) is 30.77%.
In other news, Director Jeffrey H. Fox sold 25,000 shares of Convergys stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $23.77, for a total transaction of $594,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrea J. Ayers sold 30,000 shares of Convergys stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $24.15, for a total value of $724,500.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Convergys Company Profile
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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