Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Average Recommendation of “Buy” by Brokerages

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has received an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company.

Several brokerages have commented on ADYEY. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Cantor Fitzgerald initiated coverage on shares of Adyen in a research note on Monday, January 26th. They set an “overweight” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th.

Adyen Stock Performance

Shares of OTCMKTS:ADYEY opened at $13.43 on Monday. The company’s fifty day simple moving average is $15.81 and its 200 day simple moving average is $16.31. Adyen has a 12 month low of $13.14 and a 12 month high of $19.94.

Adyen Company Profile

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.