flatexDEGIRO AG (OTCMKTS:FNNTF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of flatexDEGIRO AG (OTCMKTS:FNNTF) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

Several analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of flatexDEGIRO in a report on Monday, July 6th. Morgan Stanley upgraded flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a report on Thursday. Barclays began coverage on shares of flatexDEGIRO in a report on Friday, June 12th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of flatexDEGIRO in a report on Wednesday, July 22nd.

flatexDEGIRO Price Performance

flatexDEGIRO stock opened at $43.25 on Thursday. flatexDEGIRO has a 52-week low of $33.70 and a 52-week high of $46.96. The company has a fifty day simple moving average of $42.66 and a 200-day simple moving average of $40.14.

About flatexDEGIRO

flatexDEGIRO AG is a Germany-based digital brokerage firm formed through the merger of German online broker flatex AG and Dutch discount broker DeGiro in 2020. The combined entity offers a unified trading platform designed for retail investors, aiming to provide low-cost access to global financial markets. Headquartered in Frankfurt am Main with regional offices across Europe, flatexDEGIRO serves as one of the continent’s leading online brokers.

The company’s core offerings include execution and custody services for equities, exchange-traded funds (ETFs), bonds and derivatives.