Zacks: Sify Technologies Limited (NASDAQ:SIFY) Given $4.00 Average Target Price by Brokerages

Shares of Sify Technologies Limited (NASDAQ:SIFY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price target of $4.00 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Sify Technologies an industry rank of 105 out of 256 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on the company. Maxim Group reaffirmed a “buy” rating and set a $4.00 price target on shares of Sify Technologies in a research report on Thursday, July 25th. Zacks Investment Research downgraded Sify Technologies from a “hold” rating to a “sell” rating in a research report on Friday.



Shares of NASDAQ SIFY remained flat at $$1.31 during trading hours on Tuesday. The company had a trading volume of 24,356 shares, compared to its average volume of 38,976. The stock has a market capitalization of $51.89 million, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.01. Sify Technologies has a 12-month low of $1.15 and a 12-month high of $1.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.19. The company has a 50-day simple moving average of $1.39.

Hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Sify Technologies during the first quarter worth $29,000. River & Mercantile Asset Management LLP acquired a new position in shares of Sify Technologies during the first quarter worth $187,000. Finally, Pinnacle Associates Ltd. increased its position in shares of Sify Technologies by 6.6% during the first quarter. Pinnacle Associates Ltd. now owns 585,332 shares of the technology company’s stock worth $955,000 after purchasing an additional 36,220 shares in the last quarter. 4.58% of the stock is currently owned by institutional investors and hedge funds.

Sify Technologies Company Profile

Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. It operates through the following segments: Telecom-centric Services, and Data Center-centric Information Technology Services. The Telecom-centric Services segment includes domestic data, international data wholesale voice, and network managed services.

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