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

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have been assigned an average rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a research note on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Finally, Citigroup reissued a “neutral” rating on shares of Nexi in a report on Wednesday, August 12th.

Nexi Stock Performance

NEXXY stock opened at $4.75 on Wednesday. The firm has a 50 day moving average of $4.39 and a 200-day moving average of $4.13. Nexi has a 12-month low of $3.00 and a 12-month 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.