Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Given Consensus 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 research firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.

ADYEY has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, May 6th. BMO Capital Markets initiated coverage on shares of Adyen in a research report on Tuesday, April 21st. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research report on Monday, April 27th.

Adyen Trading Up 2.2%

Shares of OTCMKTS ADYEY opened at $11.27 on Wednesday. Adyen has a 1 year low of $9.45 and a 1 year high of $19.94. The company’s 50-day moving average is $10.64 and its 200 day moving average is $13.21.

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.