Zacks Investment Research upgraded Cognizant Technology Solutions Corp (NASDAQ:CTSH) to Hold in a statement released earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Cognizant Technology Solutions Corp(NASDAQ:CTSH) to Hold in a statement released on Monday August 22 2016.
On 7/07/2016, Barclays Capital reported about Cognizant Technology Solutions Corp(NASDAQ:CTSH) lowered the target price from $70.00 to $66.00 that suggested an upside of 0.16%.
Just yesterday Cognizant Technology Solutions Corp (NASDAQ:CTSH) traded 1.44% lower at $57.70. Cognizant Technology Solutions Corp’s 50-day average is $57.67 and its two hundred day average is $59.13. With the last stock close down 9.83% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade volume was was up over the average, with 7,785,231 shares of CTSH changing hands over the typical 4,175,140 shares..
See Chart Below:
Cognizant Technology Solutions Corp has a P/E of 22 with a 52 week low of $51.22 and a one-year high of $69.80. Cognizant Technology Solutions Corp’s market cap is currently $0.0.
In addition to Zacks Investment Research reporting it’s target price, a total of 26 analysts have released a report on the company. The average target price is $69.50 with 11 firms rating the company a strong buy, 17 analysts rating the company a buy, three firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firmsrating the company as sell.
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, and application maintenance and IT infrastructure services.
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