Barrington Sticks to Its Hold Rating for Sykes Enterprises Inc (SYKE)

By Jason Carr

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 $30.33.

Colicchio commented:

“We expect management to update their 2018 financial guidance to include the acquisition in early November. Therefore, we plan to change our earnings model after the company’s next earnings report.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 2.2% and a 49.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Convergys Corp, and Computer Task.

Currently, the analyst consensus on Sykes Enterprises Inc is a Moderate Buy with an average price target of $36.

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 112.4K.

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.