iSoftStone Holdings (ISS) has been upgraded today by the securities research analysts at investment firm UBS which raised iSoftStone from a “neutral” rating to “buy.” UBS did not adjust their performance outlook for ISS which is still fixed at $21 dollars. UBS noted that their buy rating was based partly on a survey which showed that customers were satisfied with iSoftStone’s services and would consider increasing their relationship with the company.
ISS gapped up during the beginning of trading today after having consolidated within Wednesday’s trading session unable to escape bounds of its daily range. Traders have overall been reluctant to allow ISS to descend beneath support located at $9.80, and only recently has there been any definitive direction.
iSoftStone is slated to release their next earnings report on August 11th, 2011, and the current consensus EPS estimate is expected to be 12 cents. iSoftStone’s last earnings report was released on May 12th, 2011, and announced EPS of 10 cents with revenue totaling $56.91 million which was up 45.0 % year to year. ISS is currently trading below its 50-day moving average and 2011 is currently a downyear for the company.
iSoftStone Holdings Limited is a China-based IT services provider, serving both Greater China and Global clients. The company has market capitalization of $157,718,280 and12,458,000 shares outstanding. ISS has a 52-week high of $22.63 with the low being $9.80 dollars.
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