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Syntel (NASDAQ:SYNT) announced its earnings results on Thursday. The company reported $1.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.27, Stock Ratings Network reports. The company had revenue of $223.30 million for the quarter, compared to the consensus estimate of $212.50 million.

Syntel (NASDAQ:SYNT) opened at 83.84 on Thursday. Syntel has a 1-year low of $57.85 and a 1-year high of $93.45. The stock’s 50-day moving average is $88.18 and its 200-day moving average is $82.85. The company has a market cap of $3.501 billion and a price-to-earnings ratio of 17.29.

On a related note, analysts at Zacks downgraded shares of Syntel from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 18th. They now have a $93.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.17.

Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.

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