Zacks Investment Research Downgrades Temenos (OTCMKTS:TMNSF) to Hold

Temenos (OTCMKTS:TMNSF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Temenos Group AG provides software for bank and financial institutions. It operates primarily in Europe, North America, Asia and the Middle East. Temenos Group AG is headquartered in Geneva, Switzerland. “

OTCMKTS:TMNSF remained flat at $$155.88 during trading hours on Wednesday. The stock has a fifty day moving average of $156.46 and a 200-day moving average of $140.10. Temenos has a 1-year low of $101.00 and a 1-year high of $200.00.

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.

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