Cognizant Technology Solutions Corp (NASDAQ:CTSH) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 25, 2016
Zacks Investment Research has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Sell in a statement released on 9/21/2016.
On 9/15/2016, Goldman Sachs Group Inc. released a statement on Cognizant Technology Solutions Corp (NASDAQ:CTSH) dropped the target price from $68.00 to $61.00 that suggested an upside of 0.13%.
Having a price of $52.96, Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 0.37% higher on the day. With the last close down -7.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Cognizant Technology Solutions Corp has recorded a 50-day average of $56.65 and a two hundred day average of $58.89. Volume of trade was up over the average, with 4,752,213 shares of CTSH changing hands over the typical 4,402,670
With a total market value of $0, Cognizant Technology Solutions Corp has price-earnings ratio of 21.94 with a one year low of $51.22 and a one year high of $69.80 .
A total of 26 analysts have released a report on Cognizant Technology Solutions Corp. Eleven analysts rating the company a strong buy, seventeen analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $69.50.
More 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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