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Globant (NYSE:GLOB) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc earlier today.

Having a price of $42.81, Globant (NYSE:GLOB) traded 0.09% higher on the day. With the last close up 11.37% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. Globant has recorded a 50-day average of $43.58 and a two hundred day average of $38.57. Volume of trade was down over the average, with 163,145 shares of GLOB changing hands under the typical 324,458

KeyBanc has downgraded Globant (NYSE:GLOB) from Overweight to Sector Weight in a statement released on 07/07/2017.

Performance Chart

Globant (NYSE:GLOB)

With a total market value of $0, Globant has price-earnings ratio of 41.71 with a one year low of $30.90 and a one year high of $47.51 .

A total of 8 analysts have released a research note on Globant. Two analysts rating the company a strong buy, four analysts rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $36.88.

More About Globant (NYSE:GLOB)

Globant S.A. is a digitally native technology services company. The Company's principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe. It builds digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Company delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its customers stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.

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