Infosys Limited (INFY) : Analyst Rating Update

Infosys Limited (INFY) : 2 brokerage houses believe that Infosys Limited (INFY) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Infosys Limited (INFY). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 2.64.

Infosys Limited (INFY) stock is expected to deviate a maximum of $1.28 from the average target price of $20.02 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $18.

Infosys Limited (NYSE:INFY): The stock opened at $17.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.85 for the day. The stock traded down to $17.48 during the day, due to lack of any buying support eventually closed down at $17.63 with a loss of -1.12% for the day. The stock had closed at $17.83 on the previous day. The total traded volume was 3,609,654 shares.

Also, In a research note released to the investors, Goldman Sachs upgrades its rating on Infosys Limited (NYSE:INFY).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 26, 2016. The company shares have rallied 15.40% from its 1 Year high price. On Apr 15, 2016, the shares registered one year high at $20.47 and the one year low was seen on Jul 9, 2015. The 50-Day Moving Average price is $18.57 and the 200 Day Moving Average price is recorded at $18.00.

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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