Somewhat Positive Press Coverage Somewhat Unlikely to Impact Infosys Limited (INFY) Stock Price
Press coverage about Infosys Limited (NYSE:INFY) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infosys Limited earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.8618959984013 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Infosys Limited (INFY) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Opening bell: Asian markets open higher, Infosys, NTPC in news (livemint.com)
- Infosys founder Narayana Murthy defends role in boardroom feud (newindianexpress.com)
- Narayana Murthy backs Infosys chairman Nilekani to fix governance lapses (hindustantimes.com)
- UPDATE 1-Infosys founder Murthy defends role in boardroom feud (feeds.reuters.com)
Infosys Limited (NYSE INFY) traded down 1.44% during trading on Wednesday, reaching $15.05. The company’s stock had a trading volume of 6,765,191 shares. The firm has a market cap of $34.40 billion, a P/E ratio of 15.86 and a beta of 0.79. Infosys Limited has a 52 week low of $13.42 and a 52 week high of $16.71. The stock’s 50 day moving average is $15.46 and its 200-day moving average is $15.17.
Infosys Limited (NYSE:INFY) last issued its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $170.78 billion during the quarter, compared to the consensus estimate of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities research analysts forecast that Infosys Limited will post $0.99 earnings per share for the current fiscal year.
INFY has been the topic of several recent analyst reports. Zacks Investment Research downgraded Infosys Limited from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Cantor Fitzgerald restated a “hold” rating and set a $15.00 price objective on shares of Infosys Limited in a report on Friday, July 14th. BidaskClub upgraded Infosys Limited from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. HSBC Holdings plc upgraded Infosys Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Finally, Deutsche Bank AG upgraded Infosys Limited from a “hold” rating to a “buy” rating in a report on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.25.
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Infosys Limited 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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