The stock of Infosys Ltd ADR (NYSE:INFY) is a huge mover today! About 9.24M shares traded hands or 114.39% up from the average. Infosys Ltd ADR (NYSE:INFY) has declined 7.29% since March 11, 2016 and is downtrending. It has underperformed by 12.75% the S&P500.
The move comes after 5 months negative chart setup for the $35.63B company. It was reported on Oct, 14 by Barchart.com. We have $14.98 PT which if reached, will make NYSE:INFY worth $1.78 billion less.
Infosys Ltd ADR (NYSE:INFY) Ratings Coverage
Out of 11 analysts covering Infosys (NYSE:INFY), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. Infosys has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Thursday, May 26 to “Buy”. Credit Suisse downgraded the shares of INFY in a report on Monday, July 18 to “Neutral” rating. The stock has “Neutral” rating given by Wedbush on Friday, September 9. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, January 14 report. Sterne Agee CRT initiated the shares of INFY in a report on Thursday, December 17 with “Neutral” rating. Jefferies upgraded the stock to “Underperform” rating in Wednesday, August 26 report. The firm earned “Neutral” rating on Tuesday, September 1 by Susquehanna. The company was upgraded on Friday, July 24 by Macquarie Research. The rating was downgraded by Nomura to “Neutral” on Monday, July 18. The stock of Infosys Ltd ADR (NYSE:INFY) has “Hold” rating given on Tuesday, August 9 by HSBC.
According to Zacks Investment Research, “Infosys Limited defines, designs and delivers technology-enabled business solutions. It provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. It serves aerospace and defense, airlines, automotive, communication services, consumer packaged goods, education, energy, financial services, healthcare, high technology, hospitality and leisure, industrial manufacturing, insurance, life sciences, logistics and distribution, media and entertainment, publishing, resources, retail and utilities industries. Infosys Limited, formerly known as Infosys Technologies Limited, is headquartered in Bengaluru, India.”
More news for Infosys Ltd ADR (NYSE:INFY) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 09, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 13, 2011 is yet another important article.
INFY Company Profile
Infosys Limited, incorporated on July 2, 1981, is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. The Company’s divisions are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Firm operates in North America, Europe, India and Rest of the World.
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