KeyCorp Upgrades Adyen (OTCMKTS:ADYEY) to Strong-Buy

Adyen (OTCMKTS:ADYEY) was upgraded by KeyCorp to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

ADYEY has been the topic of a number of other reports. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Wells Fargo & Company assumed coverage on Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Finally, Wolfe Research upgraded shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Adyen Trading Down 2.0%

Shares of OTCMKTS ADYEY opened at $16.40 on Friday. The stock has a 50 day moving average of $15.93 and a 200-day moving average of $16.55. 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.