Barrington Maintains a Hold Rating on Sykes Enterprises Inc (SYKE)

By Ryan Adsit

Barrington analyst Vincent Colicchio maintained a Hold rating on Sykes Enterprises Inc (SYKEResearch Report) today. The company’s shares opened today at $28.55.

Colicchio said:

“Weakness in communications vertical revenue, down 20% YOY, and ongoing labor market challenges continue to negatively impact efficiency. These two factors contributed to a continued decline in capacity utilization rates, which declined YOY from 71% to 70% in Q3/18.”

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -3.4% and a 37.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Computer Task, and HealthStream.

The word on The Street in general, suggests a Hold analyst consensus rating for Sykes Enterprises Inc with a $32 average price target, implying a 12.1% upside from current levels. In a report issued on November 6, Robert W. Baird also maintained a Hold rating on the stock with a $32 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $32.15 and a one-year low of $25.90. Currently, Sykes Enterprises Inc has an average volume of 128.9K.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sykes Enterprises, Inc. engages in the provision of multichannel demand generation and customer engagement services. The firm operates through the Americas and EMEA segments. The Americas segment is comprised of the United States, Canada, Latin America, Australia, and the Asia Pacific Rim. The EMEA segment includes Europe, the Middle East, and Africa.