Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Infosys (INFY) Stock Price
Press coverage about Infosys (NYSE:INFY) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Infosys earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.3033666227909 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- RealNetworks (RNWK) versus Infosys (INFY) Head-To-Head Comparison (americanbankingnews.com)
- Brokerages Anticipate Infosys Ltd (INFY) Will Post Earnings of $0.26 Per Share (americanbankingnews.com)
- People: Infosys, Uber, ZRG, The Service Companies and more (www2.staffingindustry.com)
- Infosys Ltd. – Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) (thehindubusinessline.com)
- Infosys Ltd (INFY)’s 20.61 Moving Average Now Below Wilder (baycityobserver.com)
INFY stock opened at $20.65 on Wednesday. Infosys has a 1 year low of $14.15 and a 1 year high of $21.14. The stock has a market capitalization of $44.11 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.95 and a beta of 0.47.
INFY has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Friday, June 15th. Cowen upped their price objective on shares of Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Morgan Stanley downgraded shares of Infosys from an “overweight” rating to a “hold” rating in a research note on Monday, August 20th. Cantor Fitzgerald increased their price target on shares of Infosys from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th. Finally, ValuEngine downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.91.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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