Temenos AG (OTCMKTS:TMSNY) Receives Consensus Rating of “Sell” from Brokerages

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Temenos AG (OTCMKTS:TMSNY) has earned a consensus rating of “Sell” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $129.00.

Several research firms recently commented on TMSNY. Credit Suisse Group downgraded Temenos from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Morgan Stanley reiterated an “underweight” rating on shares of Temenos in a research note on Wednesday, November 4th. Bank of America downgraded Temenos from a “neutral” rating to an “underperform” rating in a research note on Wednesday. Jefferies Financial Group dropped their price objective on Temenos from $146.00 to $129.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. Finally, Berenberg Bank restated a “hold” rating on shares of Temenos in a research report on Thursday, October 22nd.

Shares of OTCMKTS TMSNY traded down $6.15 during midday trading on Friday, reaching $131.95. The company’s stock had a trading volume of 5,762 shares, compared to its average volume of 12,265. Temenos has a 12-month low of $97.50 and a 12-month high of $172.46. The firm has a 50 day moving average price of $135.38 and a 200-day moving average price of $140.84.

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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Analyst Recommendations for Temenos (OTCMKTS:TMSNY)

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