News stories about Infosys (NYSE:INFY) have trended extremely negative recently, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Infosys earned a news sentiment score of -4.16 on their scale. InfoTrie also gave media headlines about the technology company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Infosys’ analysis:
- Infosys starts probe into alleged ‘unethical practices’ by CEO; shares tank (feeds.reuters.com)
- Infosys starts probe into alleged ‘unethical practices’ by CEO; shares tank (business.financialpost.com)
- INFOSYS ALERT: Bragar Eagel & Squire, P.C. is Investigating Infosys Limited and Encourages Infosys Investors to Contact the Firm – Business Wire (businesswire.com)
- SHAREHOLDER ALERT: Investigation of Infosys Announced by Holzer & Holzer, LLC – Business Wire (businesswire.com)
- Wolf Popper LLP Announces Investigation on Behalf of Investors in Infosys Limited – PRNewswire (prnewswire.com)
Several research analysts have recently weighed in on the stock. Wedbush reissued a “neutral” rating on shares of Infosys in a report on Friday, July 12th. BMO Capital Markets set a $13.00 price objective on shares of Infosys and gave the company a “hold” rating in a report on Monday, July 15th. UBS Group cut shares of Infosys from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. ValuEngine raised shares of Infosys from a “strong sell” rating to a “sell” rating in a report on Monday. Finally, Robert W. Baird decreased their price objective on shares of Infosys from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. Infosys currently has an average rating of “Hold” and a consensus target price of $11.20.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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