News headlines about Infosys (NYSE:INFY) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Infosys earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.8055616262757 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Infosys donates solar power genrator to village clinic (uniindia.com)
- Global Cloud Professional Services Market 2018 – Informatica, Infosys, Oracle, TCS, Accenture (nwctrail.com)
- Infosys to employ around 3000 people at New Town campus, says Firhad Hakim (millenniumpost.in)
- Infosys (INFY) Upgraded to “Overweight” by Morgan Stanley (americanbankingnews.com)
- Infosys’ (INFY) “Hold” Rating Reaffirmed at Cantor Fitzgerald (americanbankingnews.com)
A number of equities research analysts have recently weighed in on INFY shares. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Infosys from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Tuesday, December 26th. Cantor Fitzgerald restated a “hold” rating and set a $14.00 price target on shares of Infosys in a report on Sunday, January 7th. Morgan Stanley upgraded Infosys from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 16th. Finally, UBS upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.77.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $2.76 billion for 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 period last year, the firm posted $0.24 EPS. equities research analysts forecast that Infosys will post 1 earnings per share for the current year.
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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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