Sanford C. Bernstein Downgrades Infosys Technologies Ltd to “Underperform” (INFY) - InvestingChannel

Sanford C. Bernstein Downgrades Infosys Technologies Ltd to “Underperform” (INFY)

Infosys Technologies Ltd (NASDAQ: INFY)

A number of other analysts have also recently weighed in on INFY. Analysts at Barclays Capital upgraded shares of Infosys Technologies Ltd from an ?equal weight? rating to an ?overweight? rating in a research note to investors on Monday. Separately, analysts at JPMorgan Chase upgraded shares of Infosys Technologies Ltd from a ?neutral? rating to an ?overweight? rating in a research note to investors on Monday. Finally, analysts at Cowen downgraded shares of Infosys Technologies Ltd from an ?outperform? rating to a ?neutral? rating in a research note to investors on Monday, December 3rd. Infosys Technologies Ltd opened at 52.22 on Monday. Infosys Technologies Ltd has a 52-week low of $37.93 and a 52-week high of $60.86. The stock?s 50-day moving average is currently $43.16. The company has a market cap of $29.839 billion and a price-to-earnings ratio of 17.12. Infosys Technologies Ltd last posted its quarterly earnings results on Friday, January 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, analysts predict that Infosys Technologies Ltd will post $2.95 earnings per share for the current fiscal year.

Infosys Limited (Infosys), formerly Infosys Technologies Limited, provides business consulting, technology, engineering and outsourcing services.