Adyen (OTCMKTS:ADYEY) Rating Increased to Strong-Buy at KeyCorp

KeyCorp upgraded shares of Adyen (OTCMKTS:ADYEY) to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Morgan Stanley restated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Wells Fargo & Company started coverage on Adyen in a report on Tuesday, October 21st. They set an “overweight” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Finally, Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, Adyen currently has a consensus rating of “Buy”.

Adyen Stock Performance

Adyen stock opened at $16.40 on Friday. Adyen has a 1 year low of $13.14 and a 1 year high of $19.94. The firm’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $16.56.

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.