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Bank of America Corp. downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Underperform in a statement released earlier today.

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 (NASDAQ:CTSH)

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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