Media headlines about Wipro (NYSE:WIT) have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wipro earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 45.7384595504577 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s scoring:
- Blockchain Technology Creates Potential for Energy Industry Optimization (prnewswire.co.uk)
- Wipro Limited (WIT) Eye-Catching Insider Ownership of 79.00% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- London and Partners: London Steps Up Efforts to Attract Indian Tech Firms (prnewswire.co.uk)
- Wipro Recognized as Market Leader in Digital Workplace Services by ISG (finance.yahoo.com)
- Wipro Limited (WIT) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Wipro from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday, October 20th. Goldman Sachs Group downgraded Wipro from a “neutral” rating to a “sell” rating in a report on Sunday, September 17th. BNP Paribas downgraded Wipro from a “hold” rating to a “reduce” rating in a report on Thursday, September 14th. Finally, BidaskClub downgraded Wipro from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $141.50.
Shares of Wipro (NYSE WIT) traded up $0.07 on Friday, hitting $5.24. The stock had a trading volume of 610,269 shares, compared to its average volume of 1,371,966. The firm has a market cap of $25,135.51, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. Wipro has a one year low of $4.50 and a one year high of $6.40. The company has a quick ratio of 2.52, a current ratio of 2.53 and a debt-to-equity ratio of 0.06.
Wipro (NYSE:WIT) last released its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Wipro had a return on equity of 16.14% and a net margin of 15.77%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.17 billion. equities analysts predict that Wipro will post 0.25 earnings per share for the current year.
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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.
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