The stock of Infosys Ltd ADR (NYSE:INFY) hit a new 52-week low and has $12.73 target or 9.00% below today’s $13.99 share price. The 7 months bearish chart indicates high risk for the $30.54B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $12.73 price target is reached, the company will be worth $2.75 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 8.16 million shares traded hands or 53.10% up from the average. Infosys Ltd ADR (NYSE:INFY) has declined 20.27% since April 12, 2016 and is downtrending. It has underperformed by 25.26% the S&P500.
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. Societe Generale upgraded the shares of INFY in a report on Monday, September 28 to “Hold” rating. As per Thursday, May 26, the company rating was upgraded by Goldman Sachs. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. The rating was upgraded by Macquarie Research to “Outperform” on Friday, July 24. Wedbush initiated the stock with “Neutral” rating in Friday, September 9 report. Nomura downgraded the shares of INFY in a report on Monday, July 18 to “Neutral” rating. The firm earned “Underperform” rating on Wednesday, August 26 by Jefferies. The rating was downgraded by Credit Suisse on Monday, July 18 to “Neutral”. Susquehanna maintained Infosys Ltd ADR (NYSE:INFY) rating on Tuesday, September 1. Susquehanna has “Neutral” rating and $19 price target. The firm has “Outperform” rating by Credit Suisse given on Thursday, January 14.
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: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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