HSBC Downgrades Infosys Ltd ADR to Hold

Brokerage firm HSBC Downgrades its rating on Infosys Ltd ADR(NYSE:INFY). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by HSBC was issued on Aug 9, 2016.

In a different note, On Jul 18, 2016, Credit Suisse said it Downgrades its rating on Infosys Ltd ADR. The shares have been rated ‘Neutral’ by the firm. On Jul 18, 2016, Nomura said it Downgrades its rating on Infosys Ltd ADR. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Goldman Sachs said it Upgrades its rating on Infosys Ltd ADR. The shares have been rated ‘Buy’ by the firm.

Infosys Ltd ADR (INFY) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.19% at a volume of 47,50,295. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.95. The peak price level was also seen at $15.95 while the days lowest was $15.82. Finally the shares closed at $15.92. The 52-week high of the shares is $20.47 while the 52-week low is $15.72. According to the latest information available, the market cap of the company is $36,387 M.

Infosys Ltd ADR(INFY) last announced its earnings results on Jul 14, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $2.50B. Analysts had an estimated revenue of $2.55B. Earnings per share were $0.22. Analysts had estimated an EPS of $0.23.

Infosys Limited is engaged in consulting technology outsourcing and next-generation services. The Company’s 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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