BTIG Research Upgrades First Data Corp to Buy

Brokerage firm BTIG Research Upgrades its rating on First Data Corp(NYSE:FDC). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by BTIG Research was issued on Aug 1, 2016.

In a different note, PiperJaffray said it Initiates Coverage on First Data Corp, according to a research note issued on Jul 19, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on First Data Corp. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Overweight’ by the firm. Keefe Bruyette & Woods said it Initiates Coverage on First Data Corp, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Outperform’ by the firm.

First Data Corp(FDC) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.80B. Analysts had an estimated revenue of $1.82B. Earnings per share were $0.35. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, James E Nevels (director) purchased 350 shares at $12.50 per share price.Also, On May 31, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.44 per share price.On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 per share price, according to the Form-4 filing with the securities and exchange commission.

First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.

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