Market Update (NYSE:ACN): Accenture Achieves Lead Position in Innovation Category of HfS Research’s Telecom Operations As-a-Service Report

[Business Wire] – Accenture is positioned in the ‘Winner’s Circle’ and as the overall leader in innovation, ahead of all competitors, in the HfS Research Telecom Operations As-a-Service Blueprint Report. Read more on this. Accenture plc (ACN) , with a current market cap of $68.30B, began trading this morning at $110.34. A quick look at the market, the company’s stock traded between $109.62 and $110.74 and has traded between $88.43 and $120.78 over the past 12 months. ACN shares are currently priced at 20.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.21x forward p/e ratio. The company pays shareholders $2.20 per share in dividend income per year, for a current yield of 1.97%. According to a consensus of 22 analysts, the earnings estimate of $1.30 per share would be $0.15 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.33, which would be a $0.51 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.44 Billion. If realized, that would be a 6.97% increase over the year-ago quarter. More recently, Credit Suisse downgraded ACN from Outperform to Neutral (Jun 24, 2016). Previously, Cantor Fitzgerald Initiated ACN at to Buy. Investors should keep in mind is that the average price target is $123.31, which is 11.75% above where the stock opened this morning. See more in (NYSE:ACN) Similar Articles: Market Update: Accenture plc (NYSE:ACN) – 2016 U.S. College Graduates Value Culture over Compensation, According to Accenture Strategy Research Market Update: Accenture plc (NYSE:ACN) – Accenture Appoints Greg Kaplan as Lead Creative Director Market Update: Accenture plc (NYSE:ACN) – Accenture Achieves Lead Innovation Position in “Winner’s Circle” for Business Process Outsourcing in the Utilities Industry in HfS Research Report