Sify Technologies (NASDAQ:SIFY) Upgraded by Wall Street Zen to “Buy” Rating

Sify Technologies (NASDAQ:SIFY) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings lowered Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Sify Technologies Price Performance

Shares of NASDAQ SIFY opened at $15.32 on Friday. Sify Technologies has a one year low of $4.55 and a one year high of $17.85. The business’s fifty day moving average price is $15.88 and its 200-day moving average price is $14.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Sify Technologies by 969.1% in the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock valued at $25,000 after buying an additional 1,754 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Sify Technologies by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after acquiring an additional 3,600 shares during the period. Liontrust Investment Partners LLP lifted its position in shares of Sify Technologies by 6.2% during the first quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after acquiring an additional 7,850 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the second quarter worth $50,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Sify Technologies during the third quarter worth $273,000. 0.61% of the stock is owned by institutional investors.

Sify Technologies Company Profile

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.