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Cognizant Technology Solutions Corp. (NDAQ:CTSH) has been downgraded from Buy to Hold in a statement by HSBC Securities earlier today.

Yesterday Cognizant Technology Solutions Corp. (NDAQ:CTSH) traded -0.54% lower at $66.68. CTSH’s 50-day average is $71.77 and its two hundred day average is $66.97. With the last stock price close down 9.90% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Volume of trade was down over the average, with 2,468,240 shares of CTSH changing hands under the typical 2,998,470

HSBC Securities has downgraded Cognizant Technology Solutions Corp. (NDAQ:CTSH) from Buy to Hold in a report released on 06/08/2017.

Previously on 5/15/2017, Needham released a statement about Cognizant Technology Solutions Corp. (NDAQ:CTSH) increased the target price from $70.00 to $72.00. At the time, this indicated a possible upside of 0.12%.

Performance Chart

Cognizant Technology Solutions Corp. (NDAQ:CTSH)

With a total market value of $0, Cognizant Technology Solutions Corp. has P/E ratio of 23.61 with a 52 week low of $49.35 and a 52 week high of $74.10 .

In addition to HSBC Securities reporting its stock price target, a total of 26 equity analysts have released a ratings update on CTSH. The one year target is $69.50 with eleven equity analysts rating the company a strong buy, seventeen equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Cognizant Technology Solutions Corp. (NDAQ: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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