Infosys Ltd ADR (INFY) is Initiated by Goldman to “Sell”

Infosys Ltd ADR (INFY) was Initiated by Goldman to “Sell”. Goldman advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Infosys Ltd ADR was Initiated by Goldman to “Sell” on Mar 3, 2017. Infosys Ltd ADR was Initiated by Goldman to “Sell” on Mar 3, 2017. Infosys Ltd ADR was Downgraded by CLSA to ” Underperform” on Jan 6, 2017.

On the company’s financial health, Infosys Ltd ADR reported $16.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.80 according to the earnings call on Jan 13, 2017. Analyst had a consensus of $15.42. The company had revenue of $172730.00 million for the quarter, compared to analysts expectations of $173344.02 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Infosys Ltd ADR (INFY) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $15.24 and reached the intraday high at $15.25. The bulls started the profit booking and pushed the shares to intraday low of $15.14. The trading session was marked by a volume range of 42,15,452 shares exchanging hands. The 52-week high of the shares is $20.47 and the 52-week low is $13.42. The market cap of the company stands at $34,765 M and there are 2,28,56,51,700 shares in public circulation.

Infosys Limited is engaged in consulting technology outsourcing and next-generation services. The Company’s solutions include application development and maintenance independent validation services infrastructure management engineering services comprising product engineering and life cycle solutions and business process management; Management Consulting enterprise solutions and package implementation systems integration and business intelligence; Products business platforms and solutions and technologies such as cloud computing enterprise mobility digital big data and analytics. Its segments are Financial Services and Insurance Manufacturing Energy and utilities Communication and Services Retail Consumer packaged goods and Logistics Life Sciences and Healthcare and Growth Markets.

Infosys Ltd ADR

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