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Wipro Limited (NYSE:WIT) set a new 52-week high during trading on Thursday, AmericanBankingNews.com reports. The stock traded as high as $13.53 and last traded at $13.48, with a volume of 1,336,026 shares. The stock had previously closed at $12.77.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Wipro Limited from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $13.70 price target on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.04.

Wipro Limited has a 1-year low of $6.91 and a 1-year high of $13.03. The stock has a 50-day moving average of $12.17 and a 200-day moving average of $10.39. The company has a market cap of $33.030 billion and a P/E ratio of 23.78.

Wipro Limited is a global information technology (NYSE:WIT) services company.

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