5 Emerging-Market ADRs Outperforming Indices
4. Infosys Technologies (INFY), a global technology services company, engages in providing end-to-end business solutions and software products for the banking industry and business process management services. During the past week, the stock has improved 0.8%.
Of the 17 analysts covering the stock, 35% rated it a buy and 53% suggested a hold. Analysts polled by Bloomberg expect the stock to gain an average 10.8% to $69.99 over the next 12 months.
Last week, Infosys unveiled that it acquired the software solutions business of Gen-I, as part of a partnership agreement with Telecom Corporation of New Zealand to offer outsourcing services for the company's Australian clients. Infosys Australia and New Zealand, and Gen-I will form part of the partnership. The financial terms of acquisition were not disclosed.
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