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Stock analysts at Jefferies Group initiated coverage on shares of Infosys Technologies (NASDAQ:INFY) in a report issued on Friday, AnalystRatings.Net reports. The firm set a “buy” rating on the stock.

INFY has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Infosys Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $57.00 price target on the stock. Analysts at Robert W. Baird downgraded shares of Infosys Technologies from an “outperform” rating to a “neutral” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Infosys Technologies currently has an average rating of “Buy” and an average target price of $50.00.

Shares of Infosys Technologies (NASDAQ:INFY) opened at 52.55 on Friday. Infosys Technologies has a one year low of $38.91 and a one year high of $63.20. The stock’s 50-day moving average is $54.76 and its 200-day moving average is $55.8. The company has a market cap of $30.027 billion and a P/E ratio of 17.09.

Infosys Technologies (NASDAQ:INFY) last announced its earnings results on Tuesday, April 15th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $128.75 billion for the quarter, compared to the consensus estimate of $129.14 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Infosys Technologies will post $3.29 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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