Barrington Maintains Their Hold Rating on Sykes Enterprises Inc

By Austin Angelo

In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Sykes Enterprises Inc (NASDAQ: SYKE). The company’s shares opened today at $28.94.

Colicchio observed:

“We reduced our 2018 non-GAAP EPS forecast to $2.01 from $2.07 on increased labor cost pressures and we are introducing our initial 2019 non-GAAP EPS forecast of $2.26.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 9.6% and a 45.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Innodata Isogen Inc, and Convergys Corp.

Sykes Enterprises Inc has an analyst consensus of Hold.

The company has a one-year high of $34.49 and a one-year low of $25.77. Currently, Sykes Enterprises Inc has an average volume of 123.1K.

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Sykes Enterprises, Inc. engages in the provision of outsourced customer contact management solutions and services. The firm operates through the following segments: Americas, EMEA, and Others. The Americas segment comprises of the United States, Canada, Latin America, Australia, and the Asia Pacific Rim.