Nexi S.p.A. (OTCMKTS:NEXXY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have been assigned an average rating of “Reduce” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of research firms have weighed in on NEXXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Nexi in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group downgraded Nexi to a “neutral” rating in a report on Monday, April 13th.

Nexi Stock Down 0.2%

NEXXY opened at $4.66 on Friday. Nexi has a twelve month low of $3.00 and a twelve month high of $6.74. The company has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $4.11.

Nexi Company Profile

Nexi S.p.A. (OTCMKTS:NEXXY) is a European PayTech company specializing in digital payment solutions for merchants, banks and public administrations. The company provides end-to-end processing services for card payments, point-of-sale terminals, e-commerce gateways and mobile wallet applications. Nexi’s platform integrates acquiring and issuing capabilities, enabling businesses to accept and manage a wide range of payment methods, including contactless, chip and PIN, and tokenized transactions.

Founded in 2017 through the merger of Italy’s Istituto Centrale delle Banche Popolari Italiane (ICBPI) and CartaSi, Nexi embarked on a strategy to consolidate payment services across Europe.