Media coverage about Wipro (NYSE:WIT) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing 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 positive one, with scores nearest to one being the most favorable. Wipro earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 45.9818083896125 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Indian ADRs: ICICI Bank slips 3%, Wipro down 2.5% (moneycontrol.com)
- Wipro (WIT) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Technical Indicators under Consideration: Wipro Limited (NYSE: WIT) – Alpha Beta Stock (alphabetastock.com)
- Wipro Limited (WIT) stock price is trading down from the 20 SMA with difference of -7.57% – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Watch List Stock Performance: Wipro Limited (WIT) – MostVolatileStocks (press release) (mostvolatilestocks.com)
Several research analysts have recently commented on the company. Zacks Investment Research raised Wipro from a “sell” rating to a “hold” rating in a report on Saturday. Credit Suisse Group downgraded Wipro from a “neutral” rating to a “sell” rating in a report on Monday, January 22nd. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Wipro presently has an average rating of “Hold” and an average target price of $141.50.
Wipro (NYSE:WIT) last posted its quarterly earnings data on Friday, January 19th. The information technology services provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Wipro had a net margin of 15.46% and a return on equity of 16.09%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. sell-side analysts anticipate that Wipro will post 0.27 EPS for the current fiscal year.
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. The company's IT Services segment 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, infrastructure services, analytics services, business process services, research and development, and hardware and software design services to enterprises.
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