flatexDEGIRO AG (OTCMKTS:FNNTF) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several equities research analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of flatexDEGIRO in a research note on Monday, July 6th. Morgan Stanley upgraded flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a research report on Thursday, September 3rd. Barclays began coverage on flatexDEGIRO in a research note on Friday, June 12th. They issued an “overweight” rating on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of flatexDEGIRO in a research report on Wednesday, July 22nd.

flatexDEGIRO Stock Performance

FNNTF opened at $33.90 on Monday. flatexDEGIRO has a twelve month low of $32.57 and a twelve month high of $46.96. The company has a 50-day moving average price of $40.49 and a 200 day moving average price of $39.28.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.