Citigroup Maintains Buy Rating for Euronet Worldwide: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Euronet Worldwide EEFT and raise its price target from $95.00 to $98.00.

Shares of Euronet Worldwide are trading up 1.54% over the last 24 hours, at $84.61 per share.

A move to $98.00 would account for a 15.83% increase from the current share price.

About Euronet Worldwide

Euronet Worldwide is a provider of electronic financial transaction solutions. The company operates an independent network of ATMs in Europe, along with a network for prepaid products such as mobile top-ups, and processes point-of-sale transactions. Euronet Worldwide also offers global money transfers, payment services and software, and banking services, credit and debit card outsourcing services, and card issuing and merchant acquiring services. The largest segment by operating income, electronical financial transaction processing, primarily generates revenue from monthly ATM management fees and currency conversion transactions. The largest country by revenue is the United States of America.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.