Infosys Limited (INFY) : The consensus on Infosys Limited (INFY) based on 12 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Infosys Limited (INFY) : 6 investment research analysts covering Infosys Limited (INFY) have an average price target of $19.65 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $18 for the short term. Analysts expect the variance to be within $1.03 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Credit Suisse downgrades its ratings on Infosys Limited (NYSE:INFY). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 18, 2016.
Infosys Limited (NYSE:INFY): The stock opened at $16.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.44 for the day. The stock traded down to $16.30 during the day, due to lack of any buying support eventually closed down at $16.35 with a loss of -0.24% for the day. The stock had closed at $16.39 on the previous day. The total traded volume was 5,321,757 shares.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.