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Rating: CVG

Convergys Corporation (NYSE: CVG) downgraded to Neutral by Citigroup

Friday,  Jul 26, 2013  8:25 AM ET by Dave Ficere

Citigroup downgraded Convergys Corporation (NYSE: CVG) to Neutral.
Previously Citigroup rated Buy Convergys Corporation (NYSE: CVG) on 10/05/2009, when the stock price was $10.16.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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