Exclusive: What Next for Infosys Ltd ADR Stock After Touching 1 Year Low?

Exclusive: What Next for Infosys Ltd ADR Stock After Touching 1 Year Low?

The stock of Infosys Ltd ADR (NYSE:INFY) hit a new 52-week low and has $13.49 target or 7.00% below today’s $14.51 share price. The 9 months bearish chart indicates high risk for the $32.04B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $13.49 price target is reached, the company will be worth $2.24 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 11.53 million shares traded hands or 144.28% up from the average. Infosys Ltd ADR (NYSE:INFY) has declined 16.29% since April 7, 2016 and is downtrending. It has underperformed by 21.07% 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 company was initiated on Friday, September 9 by Wedbush. The firm has “Underperform” rating by Jefferies given on Wednesday, August 26. The company was downgraded on Monday, July 18 by Credit Suisse. Societe Generale upgraded the stock to “Hold” rating in Monday, September 28 report. Susquehanna maintained it with “Neutral” rating and $19 target price in Tuesday, September 1 report. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. The stock has “Buy” rating given by Goldman Sachs on Thursday, May 26. On Friday, July 24 the stock rating was upgraded by Macquarie Research to “Outperform”. The company was initiated on Thursday, December 17 by Sterne Agee CRT. On Thursday, January 14 the stock rating was upgraded by Credit Suisse to “Outperform”.

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.”

More recent Infosys Ltd ADR (NYSE:INFY) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on October 09, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011. Schaeffersresearch.com‘s news article titled: “Bleak Guidance Weighs On Infosys Ltd ADR (INFY)” with publication date: October 14, 2016 was also an interesting one.

INFY Company Profile

Infosys Limited, incorporated on July 2, 1981, is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) 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. The Company’s divisions are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Firm operates in North America, Europe, India and Rest of the World.

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