Infosys (INFY) Receiving Somewhat Positive Press Coverage, Analysis Finds

News articles about Infosys (NYSE:INFY) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group identifies positive and negative media 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 nearest to one being the most favorable. Infosys earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.4243250576901 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

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Several brokerages have recently issued reports on INFY. Cantor Fitzgerald reissued a “hold” rating and issued a $16.00 price objective on shares of Infosys in a report on Tuesday, January 16th. Zacks Investment Research raised Infosys from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, January 16th. UBS cut Infosys to a “neutral” rating in a report on Monday, February 5th. Susquehanna Bancshares reissued a “negative” rating on shares of Infosys in a report on Monday, February 5th. Finally, Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.77.

Infosys stock traded down $0.32 during midday trading on Monday, reaching $17.98. The company had a trading volume of 5,786,147 shares, compared to its average volume of 6,280,493. The firm has a market cap of $39,768.52, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.02 and a beta of 0.57. Infosys has a 12 month low of $13.88 and a 12 month high of $18.71.

Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same quarter in the prior year, the firm posted $0.24 EPS. research analysts forecast that Infosys will post 1 EPS for the current fiscal year.

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Infosys 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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