Wipro (NYSE:WIT) Had Neutral Changed By Nomura.

June 27, 2018 - By Theresa McIntyre

Wipro Limited (NYSE:WIT) Corporate Logo

Nomura Upped Wipro (NYSE:WIT)’s Rating to Neutral.

Nomura raised Wipro (NYSE:WIT)‘s rating on 26 June. The boost was from Reduce to Neutral.

Wipro Limited (NYSE:WIT) Ratings Coverage

In total 3 analysts cover Wipro Limited (NYSE:WIT). “Buy” rating has 0, “Sell” are 2, while 1 are “Hold”. 0 are bullish. 3 are the (NYSE:WIT)’s analyst reports since January 22, 2018 according to StockzIntelligence Inc. On Monday, January 22 Credit Suisse downgraded the shares of WIT in report to “Sell” rating. On Wednesday, June 20 the firm has “Underperform” rating by Jefferies given. On Tuesday, June 26 the firm has “Neutral” rating by Nomura given.

WIT is touching $4.82 during the last trading session, after decreased 1.63%.Wipro Limited is downtrending after having declined 15.36% since June 27, 2017. WIT has 1.12M volume or 2.27% up from normal. The stock underperformed the S&P500 by 27.93%.

Investors expect Wipro Limited (NYSE:WIT)’s quarterly earnings on July, 19., Zacks reports. This year’s earnings per share analyst estimate is awaited to be $0.07. That is 0.00 % compareed to $0.07 earnings per share for last year. WIT’s profit could reach $253.12M with 17.21 P/E in case $0.07 earnings per share is revealed. 16.67 % EPS growth is what analysts predict. $0.06 earnings per share was revealed for previous quarter.

Wipro Limited operates as an information technology , consulting, and business process services firm worldwide.The firm is valued at $17.43 billion. The company's IT 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, infrastructure services, analytics services, business process services, research and development, and hardware and software design services to enterprises.The P/E ratio is 17.85. This segment serves clients in various industry verticals comprising banking, financial services, and insurance; healthcare and life sciences; consumer business units; energy, natural resources, and utilities; manufacturing and technology; and communications.

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