Zacks Investment Research upgraded shares of Convergys Corporation (NYSE:CVG) from a sell rating to a hold rating in a report published on Tuesday.

According to Zacks, “Convergys Corp. is one of the global leaders in the provision of outsourced, integrated billing and customer care services. It focuses on developing long-term strategic relationships with clients in customer-intensive industries including telecommunications, cable, broadband, satellite broadcasting, Internet services, technology and financial services. The company serves its clients through its two operating units: the Information Management Group; and the Customer Management Group. “

Analyst Recommendations for Convergys Corporation (NYSE:CVG)

Shares of Convergys Corporation (NYSE:CVG) opened at 24.32 on Tuesday. The company’s 50 day moving average is $25.18 and its 200 day moving average is $27.27. Convergys Corporation has a 12 month low of $23.86 and a 12 month high of $30.92. The company has a market cap of $2.32 billion, a P/E ratio of 15.13 and a beta of 0.93.

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In other Convergys Corporation news, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $25.04, for a total value of $751,200.00. Following the completion of the sale, the chief executive officer now directly owns 333,181 shares of the company’s stock, valued at approximately $8,342,852.24. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CVG. MSI Financial Services Inc boosted its stake in Convergys Corporation by 37.5% in the third quarter. MSI Financial Services Inc now owns 3,364 shares of the company’s stock valued at $102,000 after buying an additional 918 shares during the period. BlackRock Japan Co. Ltd bought a new stake in Convergys Corporation during the third quarter valued at about $108,000. Victory Capital Management Inc. boosted its stake in Convergys Corporation by 16.7% in the third quarter. Victory Capital Management Inc. now owns 4,241 shares of the company’s stock valued at $129,000 after buying an additional 608 shares during the period. Flinton Capital Management LLC bought a new stake in Convergys Corporation during the fourth quarter valued at about $114,000. Finally, Penserra Capital Management LLC bought a new stake in Convergys Corporation during the third quarter valued at about $183,000. 97.42% of the stock is owned by institutional investors.

Convergys Corporation Company Profile

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.

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