Brokerage Firm Rating Update on Infosys Limited (INFY)

Infosys Limited (INFY) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Infosys Limited (INFY) : The highest short term price target forecast on Infosys Limited (INFY) is $21 and the lowest target price is $17. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $19.38 with a standard deviation of $1.51.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, HSBC downgrades its outlook on Infosys Limited (NYSE:INFY). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 9, 2016.

Infosys Limited (NYSE:INFY): The stock was completely flat for the day, closing at $16.44 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $16.50, the stock touched an intraday high of $16.57 and a low of $16.43. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $16.44. The total trading volume on Wednesday was 5,691,202.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Companys solutions include application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting, enterprise solutions and package implementation, systems integration and business intelligence; Products, business platforms and solutions, and technologies, such as cloud computing, enterprise mobility, digital, big data and analytics. Its segments are Financial Services and Insurance, Manufacturing, Energy and utilities, Communication and Services, Retail, Consumer packaged goods and Logistics, Life Sciences and Healthcare, and Growth Markets.

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