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HSBC Holdings plc downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Hold in a report released today.

HSBC Holdings plc has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Hold in a report released on Thursday June 08, 2017.

Just yesterday Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded -0.54% lower at $66.96. The company’s 50-day moving average is $71.77 and its 200-day moving average is $66.97. The last stock close price is down 9.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,468,240 shares of the stock were exchanged, down from an average trading volume of 2,998,470

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Cognizant Technology Solutions Corp (NASDAQ:CTSH)

Cognizant Technology Solutions Corp has a 52 week low of $49.35 and a 52 week high of $74.10 with a P/E ratio of 23.61 The company’s market cap is currently $0.

In addition to HSBC Holdings plc reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is $69.50 with 11 firms rating the stock a strong buy, 17 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Cognizant Technology Solutions Corp (NASDAQ: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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