Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Infosys (INFY) Stock Price

Press coverage about Infosys (NYSE:INFY) has trended somewhat positive on Sunday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. 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 daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.3628456967335 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently weighed in on INFY. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Deutsche Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Infosys in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Infosys in a research report on Sunday, September 3rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Infosys in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.34.

Shares of Infosys (INFY) traded up $0.01 during midday trading on Friday, hitting $16.10. The company had a trading volume of 3,826,714 shares, compared to its average volume of 4,110,000. The stock has a market cap of $37,140.00, a PE ratio of 16.26, a P/E/G ratio of 1.74 and a beta of 0.73. Infosys has a 1 year low of $13.42 and a 1 year high of $16.37.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the business posted $0.24 EPS. equities analysts expect that Infosys will post 0.98 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Infosys (INFY) Stock Price” was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/24/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-infosys-infy-stock-price.html.

About Infosys

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.

Insider Buying and Selling by Quarter for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit