Wipro Limited Reaches New 12-Month High at $10.89 (WIT)
Wipro Limited (NYSE:WIT)’s share price reached a new 52-week high on Thursday, AnalystRatings.NET reports. The company traded as high as $10.89 and last traded at $10.83, with a volume of 550,529 shares traded. The stock had previously closed at $10.42.
A number of research firms have recently commented on WIT. Analysts at Societe Generale initiated coverage on shares of Wipro Limited in a research note to investors on Monday, September 23rd. They set a “hold” rating on the stock. Separately, analysts at TheStreet upgraded shares of Wipro Limited to a “buy” rating in a research note to investors on Friday, September 13th. Finally, analysts at Macquarie upgraded shares of Wipro Limited from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Wipro Limited currently has a consensus rating of “Hold” and an average target price of $8.21.
Wipro Limited has a 52 week low of $6.744 and a 52 week high of $10.70. The stock’s 50-day moving average is $9.85 and its 200-day moving average is $8.55. The company has a market cap of $26.457 billion and a price-to-earnings ratio of 20.35.
Wipro Limited (NYSE:WIT) last issued its quarterly earnings data on Friday, July 26th. The company reported $6.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $6.49 by $0.11. The company had revenue of $97.29 million for the quarter, compared to the consensus estimate of $101.67 million. During the same quarter in the prior year, the company posted $6.43 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Wipro Limited will post $0.46 earnings per share for the current fiscal year.
Wipro Limited is a global information technology (NYSE:WIT) services company.
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