Infosys (NYSE:INFY) Getting Very Negative Media Coverage, Study Finds

Media stories about Infosys (NYSE:INFY) have been trending very negative on Saturday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Infosys earned a news impact score of -3.23 on their scale. InfoTrie also assigned headlines about the technology company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Infosys’ score:

Several brokerages have issued reports on INFY. Citigroup lowered Infosys to a “hold” rating in a research note on Monday, October 14th. UBS Group lowered Infosys from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Robert W. Baird set a $10.00 price target on Infosys and gave the stock a “hold” rating in a research note on Monday, October 21st. Wedbush reissued a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. Finally, BMO Capital Markets set a $13.00 target price on Infosys and gave the company a “hold” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.95.

NYSE INFY opened at $9.20 on Friday. Infosys has a 1-year low of $8.76 and a 1-year high of $12.08. The stock has a 50-day moving average of $11.04 and a 200-day moving average of $10.87. The firm has a market cap of $37.86 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.50.

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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