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

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have been given a consensus recommendation of “Reduce” by the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company.

A number of equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of Nexi in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nexi in a research note on Monday, May 11th. Citigroup reaffirmed a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group downgraded Nexi to a “neutral” rating in a report on Monday, April 13th.

Nexi Stock Performance

Shares of NEXXY opened at $4.67 on Friday. The stock has a 50-day simple moving average of $4.14 and a 200-day simple moving average of $4.11. Nexi has a 1 year low of $3.00 and a 1 year high of $6.74.

Nexi Company Profile

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.