News coverage about Infosys (NYSE:INFY) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Infosys earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.5117337658943 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Market Now: IT stocks surge up to 5% on weakness in rupee (economictimes.indiatimes.com)
- $3 b deals in bag, Infosys exudes optimism (thehindubusinessline.com)
- TCS vs Infosys: How the two IT giants fared in FY18 (economictimes.indiatimes.com)
- Infosys charts new course, but can it catch up with Accenture and Deloitte? (zdnet.com)
- Infosys Ltd is up for a third straight session in a row (business-standard.com)
INFY stock traded up $0.20 during midday trading on Friday, hitting $17.37. The stock had a trading volume of 8,626,075 shares, compared to its average volume of 6,729,759. The stock has a market capitalization of $36,791.31, a P/E ratio of 17.20, a PEG ratio of 1.75 and a beta of 0.57. Infosys has a 12-month low of $13.88 and a 12-month high of $18.71.
A number of research analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price objective on shares of Infosys in a research note on Friday, April 13th. William Blair reissued an “underperform” rating on shares of Infosys in a research note on Friday, April 13th. BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Infosys in a research note on Wednesday, April 11th. Jefferies Group reissued a “buy” rating and set a $20.30 price objective on shares of Infosys in a research note on Sunday, April 15th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $16.00 price objective on shares of Infosys in a research note on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.35.
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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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