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Wipro (NYSE:WIT) has been downgraded from Buy to Outperform in a statement by CLSA earlier today.

Boasting a price of $5.18, Wipro (NYSE:WIT) traded 0.49% higher on the day. With the last stock price close up 19.33% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Wipro has recorded a 50-day average of $5.68 and a two hundred day average of $5.16. Volume of trade was down over the average, with 1,418,119 shares of WIT changing hands under the typical 1,591,060

CLSA has downgraded Wipro (NYSE:WIT) from Buy to Outperform in a statement released on 7/7/2017.

Performance Chart

Wipro (NYSE:WIT)

With a total market value of $0, Wipro has price-earnings ratio of 22.48 with a one year low of $4.50 and a one year high of $6.40 .

A total of 3 equity analysts have released a ratings update on WIT. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, two equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.50.

Brief Synopsis About Wipro (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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