Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Receives Average Rating of “Buy” from Analysts

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has received a consensus recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company.

ADYEY has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Adyen from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adyen in a research report on Friday, August 15th. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research report on Wednesday. Wells Fargo & Company assumed coverage on shares of Adyen in a research report on Tuesday, October 21st. They set an “overweight” rating for the company. Finally, Monness Crespi & Hardt reissued a “buy” rating on shares of Adyen in a research report on Friday, August 15th.

Adyen Stock Down 1.6%

OTCMKTS:ADYEY opened at $17.17 on Friday. Adyen has a 12 month low of $12.68 and a 12 month high of $19.94. The company has a 50 day simple moving average of $16.64 and a two-hundred day simple moving average of $17.38.

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.