Infosys Limited (INFY) Given Coverage Optimism Score of 0.26

Media coverage about Infosys Limited (NYSE:INFY) has been trending positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infosys Limited earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.7595376090829 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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

Several equities research analysts recently commented on the stock. Deutsche Bank AG upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. BidaskClub upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Infosys Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Wednesday, September 6th. Cowen and Company set a $15.00 price target on shares of Infosys Limited and gave the company a “hold” rating in a research report on Friday, August 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $15.50 price target on shares of Infosys Limited in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Infosys Limited currently has an average rating of “Hold” and a consensus target price of $15.34.

Infosys Limited (NYSE INFY) opened at 14.61 on Friday. The firm has a 50-day moving average of $14.68 and a 200 day moving average of $15.06. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 15.40 and a beta of 0.74. Infosys Limited has a 1-year low of $13.42 and a 1-year high of $16.15.

Infosys Limited (NYSE:INFY) last announced its earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The firm had revenue of $170.78 billion during the quarter, compared to analyst estimates of $170.51 billion. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Infosys Limited will post $0.98 earnings per share for the current fiscal year.

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Infosys Limited Company Profile

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.

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