Press coverage about Wipro (NYSE:WIT) has been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wipro earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 46.7342991263551 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Wipro (NYSE:WIT) traded down $0.15 on Monday, reaching $5.46. 4,590,000 shares of the company’s stock traded hands, compared to its average volume of 1,130,000. The company has a current ratio of 2.53, a quick ratio of 2.52 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $22,680.00, a price-to-earnings ratio of 19.50, a PEG ratio of 2.65 and a beta of 0.73. Wipro has a 12 month low of $4.50 and a 12 month high of $6.40.

Wipro (NYSE:WIT) last posted its earnings results on Friday, January 19th. The information technology services provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Wipro had a net margin of 15.46% and a return on equity of 15.62%. research analysts forecast that Wipro will post 0.27 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Credit Suisse Group lowered shares of Wipro from a “neutral” rating to an “underperform” rating in a report on Monday. Zacks Investment Research lowered shares of Wipro from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Sell” and a consensus price target of $141.50.

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About Wipro

Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design.

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