Recent Analysts’ Ratings Changes for Wipro Limited (WIT)

Wipro Limited (NYSE: WIT) has recently received a number of price target changes and ratings updates:

  • 8/10/2017 – Wipro Limited was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/4/2017 – Wipro Limited was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/25/2017 – Wipro Limited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “WIPRO LTD-ADR provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally. “
  • 7/21/2017 – Wipro Limited had its price target raised by analysts at Bank of America Corporation from $250.00 to $277.00. They now have a “neutral” rating on the stock.
  • 7/5/2017 – Wipro Limited was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Wipro Limited was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “WIPRO LTD-ADR provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally. “
  • 6/26/2017 – Wipro Limited was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/20/2017 – Wipro Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/14/2017 – Wipro Limited was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “WIPRO LTD-ADR provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally. “

Wipro Limited (WIT) opened at 6.13 on Friday. Wipro Limited has a one year low of $4.50 and a one year high of $6.40. The company has a market capitalization of $29.66 billion, a PE ratio of 22.37 and a beta of 0.87. The company has a 50 day moving average price of $5.65 and a 200-day moving average price of $5.15.

Wipro Limited (NYSE:WIT) last posted its earnings results on Thursday, July 20th. The information technology services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Wipro Limited had a return on equity of 16.53% and a net margin of 15.46%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. Analysts expect that Wipro Limited will post $0.27 EPS for the current fiscal year.

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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