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KeyBanc Capital Markets downgraded Globant SA (NYSE:GLOB) from Overweight to Sector Weight in a report released today.

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

Yesterday Globant SA (NYSE:GLOB) traded 0.09% higher at $41.11. GLOB’s 50-day average is $43.58 and its two hundred day average is $38.57. With the last close up 11.37% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Volume of trade was down over the average, with 163,145 shares of GLOB changing hands under the typical 324,458

Performance Chart

Globant SA (NYSE:GLOB)

With a total market value of $0, Globant SA 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 equity analysts have released a ratings update on Globant SA. Two brokerages rating the company a strong buy, four brokerages rating the company a buy, two brokerages rating the company a hold, one brokerage 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 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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