Infosys Limited (INFY) Receives ‘Analyst’ Rating

Infosys Limited (INFY) : 12 analysts are covering Infosys Limited (INFY) and their average rating on the stock is 2.67, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Infosys Limited (INFY) : The most positive equity analysts on Infosys Limited (INFY) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $19.15 with an expected fluctuation of $1.46 from the mean.


Also, Wedbush initiates coverage on Infosys Limited (NYSE:INFY).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Wedbush announces the price target of $18 per share. The rating by the firm was issued on September 9, 2016.

Infosys Limited (NYSE:INFY): After opening at $15.941, the stock dipped to an intraday low of $15.915 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.27 and the buying power remained strong till the end. The stock closed at $16.04 for the day, a gain of 0.56% for the day session. The total traded volume was 3,902,201. The stocks close on the previous trading day was $15.95.

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.

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