NEW YORK ( TheStreet) -- Sykes (Nasdaq: SYKE) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Sykes Enterprises, Incorporated, together with its subsidiaries, provides outsourced customer contact management solutions and services in the business process outsourcing arena. The company has a P/E ratio of 670, above the S&P 500 P/E ratio of 23.4. Sykes has a market cap of $941.7 million and is part of the technology sector and computer software & services industry. Shares are down 0.6% year to date as of the close of trading on Tuesday.
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