Wipro (WIT) Getting Somewhat Positive Media Coverage, Accern Reports
Media coverage about Wipro (NYSE:WIT) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wipro earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.7529513538292 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts have recently weighed in on WIT shares. Zacks Investment Research raised Wipro from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Friday, October 20th. Goldman Sachs Group downgraded Wipro from a “neutral” rating to a “sell” rating in a report on Sunday, September 17th. Finally, BNP Paribas downgraded Wipro from a “hold” rating to a “reduce” rating in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $141.50.
Shares of Wipro (NYSE:WIT) traded up $0.11 during trading on Wednesday, reaching $5.81. The company had a trading volume of 806,878 shares, compared to its average volume of 1,208,143. Wipro has a 1-year low of $4.50 and a 1-year high of $6.40. The company has a market capitalization of $22,520.00, a P/E ratio of 20.75, a P/E/G ratio of 2.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.53 and a quick ratio of 2.52.
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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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