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

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

Several research firms have recently weighed in on NEXXY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Nexi in a report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating on shares of Nexi in a report on Wednesday, April 29th. Finally, Citigroup restated a “neutral” rating on shares of Nexi in a research report on Wednesday, August 12th.

Nexi Stock Performance

Shares of NEXXY opened at $4.75 on Wednesday. Nexi has a twelve month low of $3.00 and a twelve month high of $6.74. The firm’s fifty day simple moving average is $4.39 and its 200-day simple moving average is $4.13.

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.