iSoftStone Holdings (ISS) Upgraded to Buy at UBS

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.