Zacks Investment Research downgraded shares of NET 1 UEPS TECH (UEPS) from OUTPERFORM to NEUTRAL on July 18, 2012, with a target price of $10.50.
Net 1 U.E.P.S. Technologies provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Net 1 believes that it is the first company worldwide to implement a system that can enable the estimated four billion people who generally have limited or no access to a bank account to enter affordably into electronic transactions with each other, government agencies, employers, merchants and other financial service providers.
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