Nexi S.p.A. (OTCMKTS:NEXXY) Given Average Rating of “Reduce” by Brokerages

Nexi S.p.A. (OTCMKTS:NEXXY) has been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

A number of equities analysts have recently issued reports on NEXXY shares. Citigroup restated a “neutral” rating on shares of Nexi in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a research note on Monday, May 11th.

Nexi Price Performance

Shares of NEXXY stock opened at $4.95 on Wednesday. Nexi has a one year low of $3.00 and a one year high of $6.36. The stock has a fifty day moving average price of $4.49 and a 200 day moving average price of $4.15.

About Nexi

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.