Zacks Investment Research downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Sell in a report released today.
- Updated: October 5, 2016
Just yesterday Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 1.58% higher at $51.03. Cognizant Technology Solutions Corp’s 50-day moving average is $55.51 and its 200-day moving average is $58.65. The last closing price is down -13.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,539,137 shares of CTSH traded hands, down from an average trading volume of 5,118,120
Zacks Investment Research has downgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Sell in a report released on 10/05/2016.
Previously on Monday October 03, 2016, Vetr Inc. reported on Cognizant Technology Solutions Corp (NASDAQ:CTSH) increased the target price from $0.00 to $60.52. At the time, this indicated a possible upside of 0.27%.
Recent Performance Chart
Cognizant Technology Solutions Corp has PE ratio of 20.52 with a one year low of $45.44 and a one year high of $69.80 and has a market capitalization of $0.
A total of 26 brokerages have issued a ratings update on Cognizant Technology Solutions Corp. Eleven brokerages rating the company 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 analysts rating the company a sell with a one year target of $69.50.
More About Cognizant Technology Solutions Corp (NASDAQ:CTSH)
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates through four segments: Financial Services, which includes customers providing banking/transaction processing, capital markets and insurance services; Healthcare, which includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies; Manufacturing, Retail and Logistics, which includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services, and Other, which includes communications, manufacturing/retail/logistics, and high technology. The Company's competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management, application testing, application maintenance and IT infrastructure services.
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