Downgrade Alert for Total System Services (TSS)
Total System Services (NYSE:TSS) was downgraded from Buy to Outperform at CLSA today. The stock closed yesterday at $53.55 on volume of 2.0 million shares, above average daily volume of 1.4 million.
Total System Services (NYSE:TSS) defies analysts with a current price ($53.55) 1.6% above its average consensus price target of $52.69. The stock should find initial support at its 200-day moving average (MA) of $47.89 and further support at its 50-day MA of $47.75.
Total System Services, Inc. provides electronic payment processing and related services to financial and nonfinancial institutions. The Company's services include processing consumer, retail, commercial, government services, stored value and debit cards.
Over the past year, Total System Services has traded in a range of $37.47 to $56.69 and closed yesterday at $53.55, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%.
SmarTrend recommended that subscribers consider buying shares of Total System Services on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.35. Since that recommendation, shares of Total System Services have risen 26.5%. We continue to monitor TSS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades total system services