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

Adyen (OTCMKTS:ADYEY) was upgraded by KeyCorp to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other research firms have also commented on ADYEY. Wells Fargo & Company initiated coverage on shares of Adyen in a research note on Tuesday, October 21st. They set an “overweight” rating for the company. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Adyen Stock Down 2.0%

Shares of OTCMKTS ADYEY opened at $16.40 on Friday. Adyen has a 12 month low of $13.14 and a 12 month high of $19.94. The business has a fifty day simple moving average of $15.93 and a 200-day simple moving average of $16.56.

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.