Advertisement
Canada markets close in 1 hour 50 minutes

  • S&P/TSX

    21,987.35
    +101.97 (+0.47%)
     

  • S&P 500

    5,108.20
    +59.78 (+1.18%)
     

  • DOW

    38,314.82
    +229.02 (+0.60%)
     

  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.83
    +0.26 (+0.31%)
     

  • Bitcoin CAD

    87,538.66
    -814.64 (-0.92%)
     

  • CMC Crypto 200

    1,332.68
    -63.86 (-4.57%)
     

  • GOLD FUTURES

    2,350.20
    +7.70 (+0.33%)
     

  • RUSSELL 2000

    2,004.31
    +23.20 (+1.17%)
     

  • 10-Yr Bond

    4.6730
    -0.0330 (-0.70%)
     

  • NASDAQ

    15,941.09
    +329.33 (+2.11%)
     

  • VOLATILITY

    15.11
    -0.26 (-1.69%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6839
    +0.0018 (+0.26%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

NCR Provides Interactive ATM Services to alizz islamic bank - Analyst Blog

Zacks Equity Research
Updated

NCR Corporation NCR is gaining newer opportunities due to the continuously changing concepts of traditional banking services. The company recently announced that alizz islamic bank – the newest full-fledged Islamic bank in Oman – has deployed its banking solutions.

The world’s leading consumer transaction technology provider stated that the bank has introduced NCR Interactive Teller machine at the Muscat Grand Mall. With this, alizz islamic bank has become first bank in the country to introduce this technology.

NCR Interactive Teller is an ATM-based technology that allows customers to complete their all branch banking tasks including cash deposit and withdrawal, transfer between accounts and check acceptance. Per NCR, customers can complete approximately 95% tasks, generally completed at a branch, through this technology.

With the addition of NCR’s Interactive Teller services, the bank will now be able to provide a complete range of core banking functions, thus strengthening its relationship with existing customers and while gaining new ones.

ADVERTISEMENT

NCR’s years of contribution toward the financial services sector encouraged alizz islamic bank, a relatively new customer, to adopt its technology to serve its customers better.

We remain positive about NCR’s ATM footprint. According to a report published by Retail Banking Research, the company has been the world's largest and leading supplier of multi-vendor ATM middleware and applications for 25 consecutive years. We believe that NCR’s commitment to protect the trust and integrity of the ATM channel has inspired banks and other financial institutions to choose its services.

However, NCR has a highly leveraged balance sheet and generates minimal cash flows. The company had a long-term debt of $3.44 billion (debt to capitalization ratio of 64.5%) at the end of first-quarter 2015 and generated free cash flow of only $24 million during the quarter.

Going forward, competitors like Diebold Inc. DBD and International Business Machines Corp. IBM could create some pressure.

Currently, NCR has a Zacks Rank #3 (Hold). A better-ranked stock in the broader technology sector is Ambarella Inc. AMBA sporting a Zacks Rank #1 (Strong Buy).

 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
INTL BUS MACH (IBM): Free Stock Analysis Report
 
NCR CORP-NEW (NCR): Free Stock Analysis Report
 
DIEBOLD INC (DBD): Free Stock Analysis Report
 
AMBARELLA INC (AMBA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research