Notable Mover: What’s Propelling Infosys Ltd ADR to Reach 52-Week Low?

Notable Mover: What's Propelling Infosys Ltd ADR to Reach 52 Week Low?

The stock of Infosys Ltd ADR (NYSE:INFY) hit a new 52-week low and has $13.29 target or 5.00% below today’s $13.99 share price. The 8 months bearish chart indicates high risk for the $30.68B company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $13.29 price target is reached, the company will be worth $1.53 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 4.16M shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 28.22% since April 19, 2016 and is downtrending. It has underperformed by 32.08% 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. On Friday, October 16 the stock rating was initiated by Cantor Fitzgerald with “Hold”. The firm earned “Outperform” rating on Thursday, January 14 by Credit Suisse. Goldman Sachs upgraded the shares of INFY in a report on Thursday, May 26 to “Buy” rating. As per Tuesday, September 1, the company rating was maintained by Susquehanna. HSBC downgraded the shares of INFY in a report on Tuesday, August 9 to “Hold” rating. As per Friday, September 9, the company rating was initiated by Wedbush. The rating was upgraded by Societe Generale to “Hold” on Monday, September 28. Macquarie Research upgraded the shares of INFY in a report on Friday, July 24 to “Outperform” rating. As per Monday, July 18, the company rating was downgraded by Nomura. Susquehanna maintained it with “Neutral” rating and $20 target price in Monday, October 12 report.

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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