Infosys Ltd (NYSE:INFY) was the target of some unusual options trading activity on Monday. Investors acquired 5,626 call options on the stock. This is an increase of approximately 1,153% compared to the average volume of 449 call options.
NYSE INFY opened at $9.01 on Wednesday. The company’s 50-day moving average price is $11.18 and its 200-day moving average price is $10.90. The stock has a market cap of $44.81 billion, a PE ratio of 16.69, a PEG ratio of 2.04 and a beta of 0.50. Infosys has a 12 month low of $8.85 and a 12 month high of $12.08.
A number of research firms have recently commented on INFY. Robert W. Baird cut their price target on shares of Infosys from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. UBS Group cut shares of Infosys from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the stock a “hold” rating in a report on Monday, July 15th. Citigroup cut shares of Infosys to a “hold” rating in a report on Monday, October 14th. Finally, Wedbush restated a “neutral” rating on shares of Infosys in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Infosys currently has an average rating of “Hold” and an average price target 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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