Nomura Upgraded Wipro (WIT)’s Rating From “Reduce”.

June 27, 2018 - By Joshua Cleveland

Wipro Limited (NYSE:WIT) Corporate Logo

Nomura Increased Wipro (WIT)’s Rating to “Neutral”.

WIT’s old rating was “Reduce”. Nomura upped it to “Neutral”. It was all made public in an analyst note 26 June.

The stock increased 2.51% or $0.12 during the last trading session, hitting $4.9.Wipro Limited is downtrending after having declined 15.36% since June 27, 2017. WIT has 1.82M volume or 65.82% up from normal. WIT underperformed the S&P 500 by 27.93%.

Earnings report for Wipro Limited (NYSE:WIT) is expected on July, 19., as reported by RTT. Analysts have anticipation on stock’s earnings per share of $0.07. That’s 0.00 % from last year’s $0.07 earnings per share. If $0.07 is reported, WIT’s profit will be $253.13M for 17.50 P/E. Wall Street now sees 16.67 % EPS growth despite Wipro Limited last quarter’s EPS of $0.06.

Wipro Limited operates as an information technology , consulting, and business process services firm worldwide.The firm is valued at $17.72 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 18.15. 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.

There’s an important Wipro Limited (NYSE:WIT) news posted by Businesswire.com. It’s an item titled: “Wipro Positioned as a Leader in Gartner’s Magic Quadrant 2018 for Oracle Application Services, Worldwide” on June 21, 2018.

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