JPMorgan Chase & Co. assumed coverage on shares of Wipro (NYSE:WIT – Get Rating) in a research note issued to investors on Tuesday morning, Briefing.com reports. The brokerage issued an underweight rating and a $4.30 target price on the information technology services provider’s stock.
A number of other research analysts also recently commented on the company. Sanford C. Bernstein downgraded Wipro from a market perform rating to an underperform rating and lowered their target price for the company from $5.10 to $3.90 in a research report on Wednesday, March 22nd. StockNews.com assumed coverage on shares of Wipro in a report on Thursday, May 18th. They issued a hold rating on the stock. Seven equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $4.44.
Wipro Trading Down 1.5 %
Shares of WIT stock opened at $4.71 on Tuesday. Wipro has a 12-month low of $4.32 and a 12-month high of $6.18. The company has a current ratio of 2.47, a quick ratio of 2.46 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average price is $4.54 and its 200-day moving average price is $4.73. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.89 and a beta of 0.83.
Institutional Trading of Wipro
Wipro Company Profile
Wipro Ltd. is a global information technology, consulting and outsourcing company, which engages in the development and integration of solutions. It operates through the following segments: Information Technology Services, India State Run Enterprise (ISRE), and Information Technology Products. The Information Technology 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, global infrastructure services, analytics services, business process services, research and development, and hardware and software design to enterprises worldwide.
- Get a free copy of the StockNews.com research report on Wipro (WIT)
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