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

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company.

A number of equities research analysts recently weighed in on ADYEY shares. Cantor Fitzgerald started coverage on Adyen in a research note on Monday, January 26th. They issued an “overweight” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research note on Monday, May 4th. KeyCorp upgraded Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Monness Crespi & Hardt restated a “buy” rating on shares of Adyen in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adyen in a research note on Monday, April 27th.

Adyen Stock Performance

ADYEY opened at $10.97 on Wednesday. Adyen has a 1-year low of $9.45 and a 1-year high of $19.94. The stock’s fifty day simple moving average is $10.59 and its 200 day simple moving average is $13.40.

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.