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

Shares of Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company.

ADYEY has been the topic of a number of analyst reports. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Finally, Cantor Fitzgerald started coverage on Adyen in a research note on Monday, January 26th. They issued an “overweight” rating on the stock.

Adyen Trading Down 2.2%

Shares of Adyen stock opened at $9.74 on Tuesday. Adyen has a 52-week low of $9.45 and a 52-week high of $19.94. The company has a 50 day moving average of $11.81 and a 200 day moving average of $14.72.

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.