Press coverage about Wipro (NYSE:WIT) has trended positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Wipro earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 45.8062708306368 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
WIT traded up $0.04 during midday trading on Tuesday, hitting $5.33. 790,309 shares of the company were exchanged, compared to its average volume of 1,482,486. The company has a market capitalization of $23,305.65, a PE ratio of 19.74, a PEG ratio of 2.18 and a beta of 0.67. Wipro has a 1-year low of $4.75 and a 1-year high of $6.40. The company has a current ratio of 2.16, a quick ratio of 2.14 and a debt-to-equity ratio of 0.06.
Wipro (NYSE:WIT) last announced its earnings results on Friday, January 19th. The information technology services provider reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Wipro had a return on equity of 16.09% and a net margin of 15.46%. equities research analysts predict that Wipro will post 0.27 EPS for the current fiscal year.
WIT has been the topic of several recent research reports. Zacks Investment Research raised Wipro from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Friday. BNP Paribas raised Wipro from a “reduce” rating to a “hold” rating in a report on Monday, April 9th. Finally, Credit Suisse Group downgraded Wipro from a “neutral” rating to a “sell” rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Wipro presently has a consensus rating of “Hold” and an average price target of $141.50.
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Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. The company's IT Services segment 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, infrastructure services, analytics services, business process services, research and development, and hardware and software design services to enterprises.
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