Somewhat Favorable News Coverage Somewhat Unlikely to Impact Infosys (NYSE:INFY) Share Price

News articles about Infosys (NYSE:INFY) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Infosys earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.4243250576901 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

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A number of equities research analysts have weighed in on the company. UBS downgraded Infosys to a “neutral” rating in a report on Monday, February 5th. ValuEngine upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Infosys from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a research report on Monday, February 5th. Finally, Berenberg Bank began coverage on Infosys in a research report on Friday, April 6th. They set a “sell” rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.55.

INFY stock opened at $17.32 on Wednesday. Infosys has a 52-week low of $13.88 and a 52-week high of $18.71. The stock has a market cap of $37,508.45, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.79 and a beta of 0.57.

Infosys (NYSE:INFY) last announced its earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same quarter in the previous year, the business earned $0.24 EPS. equities research analysts expect that Infosys will post 1 earnings per share for the current fiscal year.

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Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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