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Evertec Inc (NYSE:EVTC) has been downgraded to Sell in a report by Zacks Investment Research today.

Just yesterday Evertec Inc (NYSE:EVTC) traded -0.77% lower at $16.78. The company’s 50-day moving average is $16.87 and its 200-day moving average is $15.47. The last stock close price is up 7.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 195,931 shares of the stock were exchanged, down from an average trading volume of 261,783

Zacks Investment Research has downgraded Evertec Inc (NYSE:EVTC) to Sell in a report released on 10/3/2016.

Previously on 09/28/2016, Zacks Investment Research released a statement about Evertec Inc (NYSE:EVTC) increased the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.12%.

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Evertec Inc (NYSE:EVTC)

Evertec Inc has a 52 week low of $11.27 and a 52 week high of $19.66 with a P/E ratio of 14.54 The company’s market cap is currently $0.

About Evertec Inc (NYSE:EVTC)

EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. It has three segments: Merchant Acquiring, Payment Processing and Business Solutions. It provides services to merchants that allow them to accept electronic methods of payment, such as debit, credit, prepaid and electronic benefit transfer cards, carrying the ATH, Visa, MasterCard, Discover and American Express brands. It provides a suite of payment processing products and services to blue chip regional and global corporate customers, government agencies and financial institutions across Latin American and the Caribbean. It provides a suite of business process management solutions, which include core bank processing, network hosting and management, information technology (IT) consulting services, business process outsourcing, item and cash processing, and fulfillment.

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