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


In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Sykes Enterprises Inc (SYKE). The company’s shares opened today at $29.82.

Colicchio noted:

“Weakness in communications vertical revenue, down 20% YOY, and continued 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 -0.2% and a 40.8% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Convergys Corp, and Computer Task.

Sykes Enterprises Inc has an analyst consensus of Hold.

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Sykes Enterprises Inc’s market cap is currently $1.32B and has a P/E ratio of 57.26. The company has a Price to Book ratio of 1.65.

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

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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.

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