Infosys Technologies Ltd Reaches New 12-Month High at $59.72 (INFY)
Infosys Technologies Ltd (NASDAQ:INFY)’s share price reached a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $59.72 and last traded at $59.40, with a volume of 3,632,327 shares traded. The stock had previously closed at $56.15.
Several analysts have recently commented on the stock. Analysts at HSBC upgraded shares of Infosys Technologies Ltd from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, January 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Infosys Technologies Ltd in a research note to investors on Friday, December 6th. They now have a $57.00 price target on the stock. Finally, analysts at Cowen and Company upgraded shares of Infosys Technologies Ltd from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 6th. They now have a $65.00 price target on the stock, up previously from $55.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Infosys Technologies Ltd currently has an average rating of “Buy” and a consensus price target of $53.40.
Infosys Technologies Ltd has a 52 week low of $38.91 and a 52 week high of $58.33. The stock has a 50-day moving average of $55.33 and a 200-day moving average of $50.49. The company has a market cap of $34.044 billion and a P/E ratio of 19.11.
Infosys Technologies Ltd (NASDAQ:INFY) last released its earnings data on Thursday, January 9th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $41.47 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Analysts expect that Infosys Technologies Ltd will post $2.94 EPS for the current fiscal year.
Infosys Limited (NASDAQ:INFY), formerly Infosys Technologies Limited, provides business consulting, technology, engineering and outsourcing services.
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