Wipro (NYSE:WIT) Given Coverage Optimism Score of 0.80

Headlines about Wipro (NYSE:WIT) have trended somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wipro earned a daily sentiment score of 0.80 on their scale. InfoTrie also assigned news headlines about the information technology services provider an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Wipro’s analysis:

WIT opened at $3.84 on Thursday. The business has a fifty day simple moving average of $3.70 and a 200 day simple moving average of $4.11. The company has a market capitalization of $22.90 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.50. Wipro has a 1 year low of $3.51 and a 1 year high of $4.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.40 and a quick ratio of 2.38.

Several research analysts have recently commented on WIT shares. ValuEngine downgraded Wipro from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded Wipro from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Goldman Sachs Group upgraded Wipro from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $3.47 to $3.46 in a research note on Thursday, October 3rd. Credit Suisse Group upgraded Wipro from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 15th. Finally, Wedbush restated an “underperform” rating on shares of Wipro in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.44.

Wipro Company Profile

Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises.

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