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Cognizant Tech (NASDAQ:CTSH) has been downgraded from Buy to Hold in a report by HSBC today.

HSBC has downgraded Cognizant Tech (NASDAQ:CTSH) from Buy to Hold in a report released on 6/8/2017.

Yesterday Cognizant Tech (NASDAQ:CTSH) traded -0.54% lower at $66.96. The company’s 50-day moving average is $71.77 and its 200-day moving average is $66.97. The last stock close price is down 9.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,468,240 shares of Cognizant Tech exchanged hands, down from an avg. volume of 2,998,470

Performance Chart

Cognizant Tech (NASDAQ:CTSH)

With a total market value of $0, Cognizant Tech has PE ratio of 23.61 with a one year low of $49.35 and a one year high of $74.10 .

A total of 26 brokerages have issued a ratings update on Cognizant Tech. Eleven brokerages rating the company a strong buy, seventeen brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $69.50.

General Company Details For Cognizant Tech (NASDAQ:CTSH)

Cognizant Technology Solutions Corporation is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services. The Healthcare segment includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies. The Manufacturing/Retail/Logistics segment includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services. The Other segment includes its information, media and entertainment services, communications and high technology operating segments. Its services include consulting and technology services and outsourcing services. Its outsourcing services include application maintenance, IT infrastructure services and business process services.

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