Infosys (INFY) Getting Somewhat Favorable News Coverage, Analysis Finds
Press coverage about Infosys (NYSE:INFY) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infosys earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 47.5835342301079 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Do Shares Price Show Moderate Volatility? – Infosys Limited, (NYSE: INFY) – Stock Watch (stocksnewstimes.com)
- Infosys BPO Limited Renamed as Infosys BPM Limited (prnewswire.co.uk)
- Infosys Celebrates 5 Year Anniversary on NYSE (finance.yahoo.com)
- Infosys Limited (INFY) Expected to Announce Quarterly Sales of $2.74 Billion (americanbankingnews.com)
- Stocks that deserve a closer look under the hood: Infosys Limited (INFY), Caterpillar Inc. (CAT) – Market Movers (financialqz.com)
Shares of Infosys (NYSE:INFY) traded up $0.01 on Wednesday, hitting $16.00. The stock had a trading volume of 3,346,446 shares, compared to its average volume of 6,240,011. Infosys has a 12-month low of $13.42 and a 12-month high of $16.15. The company has a market cap of $35,770.00, a PE ratio of 16.54, a P/E/G ratio of 1.74 and a beta of 0.73.
Several analysts recently issued reports on INFY shares. Zacks Investment Research raised Infosys from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, September 19th. Deutsche Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, August 28th. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Stifel Nicolaus reissued a “hold” rating on shares of Infosys in a research note on Thursday, October 26th. Finally, Oppenheimer reissued a “hold” rating on shares of Infosys in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Infosys currently has an average rating of “Hold” and a consensus target price of $15.34.
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Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology 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.
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