Media headlines about Infosys (NYSE:INFY) have trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Infosys earned a media sentiment score of -1.00 on their scale. InfoTrie also assigned media stories about the technology company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Infosys’ ranking:
- Topdown Announces Partnership to Bring Cloud-Native Customer Communications Management Solutions to the Global Market – Maryville Daily Times (thedailytimes.com)
- Indian IT feels the heat of global uncertainty but keeps growth hopes alive – Livemint (livemint.com)
- IIT Bombay bestows Doctor of Science (Honoris Causa) Degree on Infosys co-founder Nandan Nilekani – Republic World (republicworld.com)
- Infosys Murthy couple’s story on celluloid now; Ashwini Tiwari to direct – Economic Times (economictimes.indiatimes.com)
- Fact Check: No, the woman in the viral photo is not Parle-G girl – India Today (indiatoday.in)
Shares of NYSE INFY traded down $0.05 during trading on Monday, hitting $11.08. 4,498,490 shares of the company traded hands, compared to its average volume of 11,304,526. The firm has a fifty day moving average of $11.08. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. Infosys has a fifty-two week low of $8.85 and a fifty-two week high of $11.64.Infosys (NYSE:INFY) last posted its earnings results on Friday, July 12th. The technology company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $218.03 billion during the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a net margin of 18.26% and a return on equity of 25.55%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, research analysts predict that Infosys will post 0.55 earnings per share for the current fiscal year.
INFY has been the topic of a number of analyst reports. Zacks Investment Research raised Infosys from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Credit Suisse Group downgraded shares of Infosys from a “neutral” rating to an “underperform” rating in a research note on Monday, April 15th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Morgan Stanley downgraded shares of Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 target price for the company. in a research note on Monday, April 15th. Finally, BMO Capital Markets set a $13.00 target price on shares of Infosys and gave the company a “hold” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.96.
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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