Bank of America Corp. downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Underperform in a statement released earlier today.
- Updated: November 27, 2016
Bank of America Corp. has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Underperform in a statement released on 11/22/2016.
On 11/21/2016, Vetr Inc. released a statement for Cognizant Technology Solutions Corp (NASDAQ:CTSH) bumped up the target price from $0.00 to $61.76 that indicated a possible upside of 0.12%.
Yesterday Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 2.68% higher at $55.10. The company’s 50-day moving average is $52.14 and its 200-day moving average is $56.53. The last stock close price is down -5.81% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Trade Volume was down over the average, with 5,414,012 shares of CTSH changing hands under the typical 6,827,390
Recent Performance Chart
Cognizant Technology Solutions Corp has PE ratio of 20.80 with a one year low of $45.44 and a one year high of $65.43 and has a market capitalization of $0.
A total of 26 analysts have released a research note on Cognizant Technology Solutions Corp. 11 firms rating the stock a strong buy, 17 equity analysts rating the company a buy, three equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $69.50.
About Cognizant Technology Solutions Corp (NASDAQ:CTSH)
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company's competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.
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