Ingenico Group – GCS (OTCMKTS:INGIY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Ingenico Group – GCS (OTCMKTS:INGIY) from a buy rating to a hold rating in a research note published on Thursday, reports.

According to Zacks, “Ingenico S.A. operates as a provider of payment solutions. It offers solutions for electronic payment transactions including hardware, software and services across all channels (point of sale, mobile, online). The Company operates under through three businesses, Smart Terminals, Payment Services and Mobile Solutions. Ingenico operates smart terminals under the Ingenico Smart terminals brand. It offers Ingenico Payment Services for digital transactions that enable merchants manage, collect, secure their payments, and prevent fraud on any digital transaction. The Company provides an end-to-end mobile commerce platform enabling customers of various sizes to deliver enterprise level mobile point of sale solutions under the Ingenico Mobile Solutions brand name. Ingenico S.A. is headquartered in Paris, France. “

A number of other brokerages have also issued reports on INGIY. Deutsche Bank Aktiengesellschaft reiterated a hold rating on shares of Ingenico Group – GCS in a research note on Monday, July 27th. Berenberg Bank reiterated a hold rating on shares of Ingenico Group – GCS in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Ingenico Group – GCS in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a hold rating, Ingenico Group – GCS currently has a consensus rating of Hold and a consensus price target of $35.00.

OTCMKTS INGIY opened at $31.46 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a market cap of $10.02 billion, a PE ratio of 42.51 and a beta of 1.21. Ingenico Group – GCS has a one year low of $13.93 and a one year high of $35.45. The firm’s fifty day moving average is $32.67 and its two-hundred day moving average is $29.54.

Ingenico Group – GCS Company Profile

Ingenico Group – GCS, together with its subsidiaries, provides payment solutions through in-store, mobile, and online channels worldwide. It offers in-store solutions, such as payment terminals and applications; management of installed terminals, including security application updates; connectivity; after-sales services; centralization of transactions; end-to-end security from terminal to bank or processor; value-added services; and customer loyalty solutions, including loyalty card, loyalty program management, prepaid card, gift card management, customer data analysis, and marketing campaign management.

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