In today’s session Infosys Ltd ADR (INFY) recorded an unusually high (3,299) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious INFY decrease. With 3,299 contracts traded and 204754 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: INFY161021P00015000 closed last at: $0.2 or 33.3% down. About 2.76 million shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 13.10% since March 14, 2016 and is downtrending. It has underperformed by 18.71% the S&P500.
Infosys Ltd ADR (NYSE:INFY) Ratings Coverage
Out of 11 analysts covering Infosys (NYSE:INFY), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. Infosys has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Wednesday, August 26 by Jefferies. The firm earned “Buy” rating on Thursday, May 26 by Goldman Sachs. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. The rating was upgraded by Societe Generale on Monday, September 28 to “Hold”. On Monday, July 18 the stock rating was downgraded by Nomura to “Neutral”. Sterne Agee CRT initiated the shares of INFY in a report on Thursday, December 17 with “Neutral” rating. The rating was maintained by Susquehanna with “Neutral” on Tuesday, September 1. HSBC downgraded Infosys Ltd ADR (NYSE:INFY) on Tuesday, August 9 to “Hold” rating. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report. On Monday, July 18 the stock rating was downgraded by Credit Suisse to “Neutral”.
According to Zacks Investment Research, “Infosys Limited defines, designs and delivers technology-enabled business solutions. It provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. It serves aerospace and defense, airlines, automotive, communication services, consumer packaged goods, education, energy, financial services, healthcare, high technology, hospitality and leisure, industrial manufacturing, insurance, life sciences, logistics and distribution, media and entertainment, publishing, resources, retail and utilities industries. Infosys Limited, formerly known as Infosys Technologies Limited, is headquartered in Bengaluru, India.”
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The company has a market cap of $33.35 billion. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. It has a 17.08 P/E ratio.
More news for Infosys Ltd ADR (NYSE:INFY) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 09, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 13, 2011 is yet another important article.
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