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

Nexi S.p.A. (OTCMKTS:NEXXY) has received an average rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

Several research firms have weighed in on NEXXY. Citigroup reaffirmed a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a research note on Monday, May 11th. Finally, The Goldman Sachs Group cut shares of Nexi to a “neutral” rating in a report on Monday, April 13th.

Nexi Stock Performance

NEXXY stock opened at $4.67 on Friday. The business’s fifty day moving average price is $4.14 and its 200 day moving average price is $4.11. Nexi has a 12-month low of $3.00 and a 12-month high of $6.74.

About Nexi

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.