Globant SA (NYSE:GLOB) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Boasting a price of $43.92, Globant SA (NYSE:GLOB) traded 0.44% higher on the day. With the last stock price close up 12.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Globant SA has recorded a 50-day average of $41.24 and a two hundred day average of $38.94. Volume of trade was down over the average, with 52,775 shares of GLOB changing hands under the typical 206,358
Zacks Investment Research has upgraded Globant SA (NYSE:GLOB) to Hold in a statement released on Tuesday October 11, 2016.
With a total market value of $0, Globant SA has P/E ratio of 45.99 with a 52 week low of $22.50 and a one year high of $44.95 .
A total of 8 analysts have released a report on Globant SA. 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.
General Company Details For Globant SA (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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