Breaking Finance News

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

Citigroup has downgraded Cognizant Tech (NASDAQ:CTSH) from Buy to Neutral in a report released on 9/30/2016.

Only yesterday Cognizant Tech (NASDAQ:CTSH) traded 0.20% higher at $55.00. The company’s 50-day moving average is $56.23 and its 200-day moving average is $58.85. The last closing price is down -6.53% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was up over the average, with 4,911,915 shares of CTSH changing hands over the typical 4,200,070

Performance Chart

Cognizant Tech (NASDAQ:CTSH)

Cognizant Tech has a PE ratio of 22.18 with a one year low of $51.22 and a one year high of $69.80 Cognizant Tech’s market capitalization is currently $0.

A total of 26 analysts have released a report on the company. 11 brokerages rating the stock a strong buy, 17 firms rating the stock a buy, 3 equity analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokers rating the stock a sell with a average stock price target of $69.50.

Brief Synopsis About Cognizant Tech (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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.