Adyen (OTCMKTS:ADYEY) Receives Consensus Recommendation of “Hold” from Brokerages

Adyen (OTCMKTS:ADYEY) has received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of equities analysts recently issued reports on ADYEY shares. Barclays lowered Adyen from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 29th. UBS Group lowered Adyen from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 5th. Jefferies Financial Group lowered shares of Adyen from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group decreased their price objective on shares of Adyen from C$1,800.00 to C$1,100.00 in a research note on Monday, August 21st. Finally, Berenberg Bank lowered shares of Adyen from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

Adyen Stock Up 0.4 %

OTCMKTS ADYEY opened at $8.36 on Friday. Adyen has a 12-month low of $8.16 and a 12-month high of $18.69. The company has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $15.48.

Adyen Company Profile

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.