How Sterne Agee CRT Currently Rates Wipro (NYSE:WIT)
New York: Wipro (NYSE:WIT) coverage has been initiated with a Underperform rating by expert analysts at Sterne Agee CRT. This was shared with investors and clients in a comprehensive report on 17 December.
Approximately 124,912 shares of stock traded hands. Wipro Limited (ADR) (NYSE:WIT) has risen 3.91% since May 14, 2015 and is uptrending. It has outperformed by 6.17% the S&P500.
Wipro Limited is a global information technology (IT) services provider. The company has a market cap of $20.49 billion. The Firm operates through two divisions: IT Services and IT Products. It has 21.87 P/E ratio. The Company’s IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide.
According to Zacks Investment Research, “WIPRO LTD-ADR provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level certified IT Services Company globally.”