Syntel, Inc. (NASDAQ:SYNT) has been downgraded to Hold in a statement by TheStreet earlier today.
- Updated: October 6, 2016
Having a price of $26.96, Syntel, Inc. (NASDAQ:SYNT) traded 3.49% higher on the day. With the last close down -39.71% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SYNT has recorded a 50-day average of $42.21 and a two hundred day average of $44.72. Trade Volume was up over the average, with 1,754,078 shares of SYNT changing hands over the typical 497,082
TheStreet has downgraded Syntel, Inc. (NASDAQ:SYNT) to Hold in a statement released on Wednesday October 05, 2016.
On Tuesday October 04, 2016, Maxim Group released a statement on Syntel, Inc. (NASDAQ:SYNT) dropped the target price from $45.00 to $28.00 that suggested a downside of -0.34%.
Recent Performance Chart
Syntel, Inc. has PE ratio of 8.61 with a one year low of $25.15 and a one year high of $50.92 and has a market capitalization of $0.
A total of 9 analysts have released a research note on SYNT. Two brokerages rating the stock a strong buy, 3 brokers rating the stock a buy, 7 equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a average stock price target of $48.67.
Brief Synopsis On Syntel, Inc. (NASDAQ:SYNT)
Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. The Company offers its products and services under the Syntel brand.
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