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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) has been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

A number of analysts recently commented on ADYEY shares. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Cantor Fitzgerald assumed coverage on shares of Adyen in a research report on Monday, January 26th. They set an “overweight” rating for the company. Finally, KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd.

Adyen Trading Down 2.7%

OTCMKTS:ADYEY opened at $10.82 on Friday. Adyen has a 52 week low of $10.57 and a 52 week high of $19.94. The firm has a 50-day moving average price of $14.27 and a two-hundred day moving average price of $15.59.

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.