Brokerage Firm Rating Update on Amdocs Limited (DOX)

Amdocs Limited (DOX) : The consensus on Amdocs Limited (DOX) based on 7 analyst recommendation on the company stock is 2.14, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Amdocs Limited (DOX) : 6 investment research analysts covering Amdocs Limited (DOX) have an average price target of $61.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $58 for the short term. Analysts expect the variance to be within $2.93 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Jefferies maintains its rating on Amdocs Limited (NASDAQ:DOX). As per the latest information, the brokerage house raises the price target to $58 per share from a prior target of $56. The shares have been rated Hold. The rating by the firm was issued on August 1, 2016.

Amdocs Limited (NASDAQ:DOX): The stock opened at $60.84 and touched an intraday high of $61.19 on Wednesday. During the day, the stock corrected to an intraday low of $60.8201, however, the bulls stepped in and pushed the price higher to close in the green at $61.12 with a gain of 0.25% for the day. The total traded volume for the day was 410,811. The stock had closed at $60.97 in the previous trading session.

Amdocs Limited (Amdocs) is a provider of software and services for communications, media and entertainment industry. The Company designs, develops, markets, supports, implements and operates customer experience systems for wireless, wireline, cable and satellite service providers across the world. Amdocs also offers a range of advertising and media solutions for local marketing service providers, and search and directory publishers. Its customers are in North America, Europe, Latin America and the Asia-Pacific region. The Companys software portfolio of customer experience enabling products spans the Revenue Management, Customer Management, Operational Support Systems (OSS), Network Control, Network Optimization, Mobile Financial Services and Digital Lifestyle Services. It offers a suite of services to advise, transform, support and optimize business and technology processes. In addition, the Company offers learning services to develop competency in Amdocs systems and applications.

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