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The following ratings changes were generated on July 16.
(TSYS - Get Report)
, a wireless data communications company, has been upgraded to hold. Revenue growth beat the industry average, with revenue increasing 21% from the same quarter last year. Net income also increased significantly from the same quarter last year, shooting up 152%. One concern is a slightly high debt-to-equity ratio of 0.37, indicating that further evaluation of debt level management is needed. Share value has declined over the past 12 months by 2%, meaning there is not enough justification for anything more than a hold rating at this point. Telecommunications Systems had been rated sell since ratings were initiated on July 14, 2006.