Temenos (OTCMKTS:TMSNY) Downgraded by Bank of America to “Underperform”


Share on StockTwits

Bank of America downgraded shares of Temenos (OTCMKTS:TMSNY) from a neutral rating to an underperform rating in a research note released on Wednesday, The Fly reports.

Other equities analysts have also issued reports about the stock. UBS Group restated a sell rating on shares of Temenos in a report on Friday, October 16th. Credit Suisse Group lowered shares of Temenos from a neutral rating to an underperform rating in a report on Tuesday. Barclays restated an underweight rating on shares of Temenos in a report on Friday, October 16th. Morgan Stanley restated an underweight rating on shares of Temenos in a report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Temenos in a report on Friday, October 16th. Six investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of Sell and a consensus target price of $129.00.

TMSNY opened at $128.18 on Wednesday. Temenos has a one year low of $97.50 and a one year high of $172.46. The company’s 50 day simple moving average is $135.51 and its 200-day simple moving average is $140.76.

About Temenos

Temenos AG, together with its subsidiaries, develops, markets, and sells integrated banking software systems primarily to banking and other financial institutions worldwide. The company provides Temenos T24 Transact, a core banking solution, which offers banking software, data and analytics, and risk and compliance solutions; and Temenos Payments, a payment solution that gives banks real-time control, customer service experience, and cost efficiencies and risk management solutions.

Recommended Story: Diversification in Investing

The Fly

Analyst Recommendations for Temenos (OTCMKTS:TMSNY)

Receive News & Ratings for Temenos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Temenos and related companies with MarketBeat.com's FREE daily email newsletter.