Wipro (NYSE:WIT – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
Separately, Credit Suisse Group cut shares of Wipro from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 13th. Six analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.79.
Wipro Stock Down 0.4 %
Shares of NYSE:WIT opened at $5.00 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $27.37 billion, a P/E ratio of 19.23, a P/E/G ratio of 2.11 and a beta of 0.83. Wipro has a 52-week low of $4.38 and a 52-week high of $8.07. The stock’s fifty day simple moving average is $4.81 and its 200-day simple moving average is $4.95.
Institutional Inflows and Outflows
About Wipro
Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises.
Featured Articles
- Get a free copy of the StockNews.com research report on Wipro (WIT)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Wipro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wipro and related companies with MarketBeat.com's FREE daily email newsletter.