NEW YORK (TheStreet) -- Shares of Visa (V) - Get Report are up 2.15% to $74.92 this afternoon after the U.S. Supreme Court added the company's appeal of a 2011 ATM antitrust lawsuit filed against Visa, Mastercard (MA) and other leading banks to its docket for the upcoming term.
Visa and the other banks involved were charged with unlawfully preventing ATM operators from offering lower prices on transactions over networks that were unaffiliated with the companies.
Defendants alleged that Visa, based in San Francisco, violated antitrust laws and essentially participated in price fixing. The lawsuit seeks damages for consumers and ATM operators.
The case will be heard in the Supreme Court's fall term following a summer recess.
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Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: V
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.