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All You Need to Know About Agios Pharmaceuticals (AGIO) Rating Upgrade to Buy

All You Need to Know About Agios Pharmaceuticals (AGIO) Rating Upgrade to Buy

Agios Pharmaceuticals (AGIO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change.

A company’s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate — the consensus measure of EPS estimates from the sell-side analysts covering the stock — for the current and following years.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Agios Pharmaceuticals is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company’s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company’s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Agios Pharmaceuticals, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company’s underlying business. And investors’

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Govt approves Rs 7,796 crore upgrade of Army’s telecommunication network | India News

Govt approves Rs 7,796 crore upgrade of Army’s telecommunication network | India News

NEW DELHI: The Cabinet Committee on Security has approved the long-pending Rs 7,796 crore project to further upgrade the Army’s digital telecommunication network across the country.
The Phase-IV of the Army Static Switched Communication Network (ASCON) will be implemented by public sector unit ITI over the next three years under a contract inked on Thursday.
“The project will augment the Army’s communication network in sensitive forward areas. It will provide a major boost to the operational preparedness of the force, especially keeping in view the current operational situation at the Line of Actual Control with China,” said a defence ministry official.
The project will extend high bandwidth communication, with better survivability and responsiveness, to remote operational areas along the borders with China and Pakistan.
“It is a strategic and theatre area communication network, which will upgrade the existing asynchronous transfer mode technology to Internet Protocol (IP) and Multi-Protocol Label Switching (MPLS) technology. Optical fiber cables, microwave radios and satellites will be used as the communication media,” he added.
The project, which has an approximate indigenous content of 80%, involves execution of civil works, laying of optical fiber cables, construction of towers and the like. “So, it will generate employment opportunities for people in remote border areas as well as support and boost rural economy,” he said.

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