Sidoti started coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report sent to investors on Tuesday morning, The Fly reports. The brokerage issued a $3.00 target price on the technology company’s stock.
A number of other equities research analysts have also recently issued reports on SIFY. BidaskClub upgraded shares of Sify Technologies from a hold rating to a buy rating in a report on Tuesday. ValuEngine upgraded shares of Sify Technologies from a sell rating to a hold rating in a report on Friday, September 15th.
Sify Technologies (NASDAQ:SIFY) traded down $0.15 during mid-day trading on Tuesday, reaching $2.50. 508,700 shares of the company’s stock were exchanged, compared to its average volume of 1,434,150. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.03. Sify Technologies has a one year low of $0.69 and a one year high of $3.15. The company has a market capitalization of $437.40, a PE ratio of 20.83 and a beta of 1.70.
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Sify Technologies Company Profile
Sify Technologies Limited (Sify) is an integrated information and communications technology (ICT) solutions and services company. The Company’s segments are Telecom services, which includes domestic data, international data wholesale voice and network managed services; Data Centre services, which includes co-location services; Cloud and managed services, which includes information technology (IT) infra services, IT transformation services, remote and onsite infrastructure managed services and delivery platforms; Technology integration services, which includes data center build, network integration, information security, end-user computing, and collaborative tools and solutions, and Applications integration services, which includes application development and maintenance, application testing, mobility solutions, e-learning, portals, tools, process and automation.
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