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

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

ADYEY has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. KeyCorp raised shares of Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Cantor Fitzgerald assumed coverage on shares of Adyen in a research report on Monday, January 26th. They set an “overweight” rating on the stock. Wells Fargo & Company started coverage on shares of Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating for the company. Finally, Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th.

Adyen Stock Down 2.2%

OTCMKTS:ADYEY opened at $10.72 on Monday. Adyen has a 52-week low of $10.57 and a 52-week high of $19.94. The stock’s 50-day simple moving average is $15.52 and its 200 day simple moving average is $16.13.

About Adyen

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.