Wipro Limited (ADR) (NYSE:WIT) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 30, 2016
Zacks Investment Research has upgraded Wipro Limited (ADR) (NYSE:WIT) to Hold in a report released on 11/30/2016.
Yesterday Wipro Limited (ADR) (NYSE:WIT) traded 0.94% higher at $9.65. The company’s 50-day moving average is $9.58 and its 200-day moving average is $10.80. The last stock close price is down -10.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 245,361 shares of the stock were exchanged, down from an average trading volume of 802,248
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Wipro Limited (ADR) has a 52 week low of $9.09 and a 52 week high of $13.08 with a P/E ratio of 18.89 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have issued a report on the stock. The consensus target price is $10.50 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 2 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Wipro Limited (ADR) (NYSE:WIT)
Wipro Limited (Wipro) is a global information technology (IT) services provider. It operates through two segments: IT Services and IT Products. The Company's IT Services business provides a range of IT and IT-enabled services, which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, analytics services, business process services, research and development and hardware and software design. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services. Its products include computing, Platforms and Storage, Networking Solutions, Enterprise Information Security, and software products, including databases and operating systems. The Company is a reseller of third-party enterprise products through its direct sales force.
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