Infosys (INFY) Given Daily Coverage Optimism Score of 1.88

Media stories about Infosys (NYSE:INFY) have been trending somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Infosys earned a media sentiment score of 1.88 on their scale. InfoTrie also assigned headlines about the technology company an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Infosys’ analysis:

A number of research firms have recently commented on INFY. Morgan Stanley downgraded Infosys from an “overweight” rating to a “hold” rating in a research report on Monday, August 20th. Deutsche Bank began coverage on Infosys in a research report on Thursday, July 12th. They set a “buy” rating for the company. Cantor Fitzgerald increased their target price on Infosys from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, July 16th. Cowen increased their target price on Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Finally, ValuEngine downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Infosys presently has an average rating of “Hold” and a consensus price target of $15.26.

NYSE:INFY traded up $0.13 during midday trading on Wednesday, hitting $9.61. 6,291,514 shares of the company traded hands, compared to its average volume of 11,644,298. Infosys has a 12-month low of $7.16 and a 12-month high of $10.65. The firm has a market capitalization of $40.20 billion, a PE ratio of 19.22, a PEG ratio of 1.78 and a beta of 0.42.

Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a return on equity of 24.56% and a net margin of 21.94%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, analysts anticipate that Infosys will post 0.52 earnings per share for the current fiscal year.

The business also recently declared a dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 26th were issued a dividend of $0.085 per share. The ex-dividend date was Thursday, October 25th. Infosys’s payout ratio is presently 34.00%.

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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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