Evolution AB (publ) (OTCMKTS:EVGGF) Stock Rated “Reduce” by Wall Street Brokerages

Evolution AB (publ) (OTCMKTS:EVGGF) has earned an average recommendation of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.

A number of equities analysts have recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Evolution AB (publ) in a research note on Monday, July 20th. UBS Group upgraded Evolution AB (publ) to a “neutral” rating in a research report on Monday, August 3rd. Finally, BNP Paribas Exane lowered shares of Evolution AB (publ) from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 29th.

Evolution AB (publ) Price Performance

OTCMKTS EVGGF opened at $81.97 on Friday. The company’s 50 day moving average is $84.35 and its 200-day moving average is $76.45. Evolution AB has a 12-month low of $56.15 and a 12-month high of $91.29.

About Evolution AB (publ)

Evolution AB (publ) is a Sweden-based business-to-business provider of online casino entertainment. The company develops and supplies live casino games, casino table games, game shows, and other interactive gaming products to online gaming operators, land-based casinos, and betting platforms. Its services are designed to be integrated into customers’ websites and mobile applications.

The company began operations in 2006 as Evolution Gaming and has expanded from live casino into a broader portfolio of gaming content.