Media headlines about Wipro (NYSE:WIT) have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wipro earned a media sentiment score of -3.00 on their scale. InfoTrie also assigned press coverage about the information technology services provider an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Wipro’s ranking:
WIT stock opened at $3.79 on Friday. The business’s fifty day moving average is $3.78 and its 200-day moving average is $3.78. The company has a quick ratio of 2.44, a current ratio of 2.45 and a debt-to-equity ratio of 0.04. The company has a market cap of $22.90 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.44 and a beta of 0.55. Wipro has a twelve month low of $3.51 and a twelve month high of $4.63.
Wipro (NYSE:WIT) last posted its quarterly earnings results on Tuesday, January 14th. The information technology services provider reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.19 billion. Wipro had a return on equity of 17.75% and a net margin of 16.38%. Research analysts anticipate that Wipro will post 0.24 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on WIT. Zacks Investment Research raised Wipro from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Goldman Sachs Group downgraded Wipro from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, ValuEngine raised Wipro from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Wipro presently has an average rating of “Hold” and an average target price of $4.31.
Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including 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, BPS, research and development services, and hardware and software design services to various enterprises.
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