Adyen (OTCMKTS:ADYEY) Upgraded at KeyCorp

KeyCorp upgraded shares of Adyen (OTCMKTS:ADYEY) to a strong-buy rating in a report released on Friday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating on the stock. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Jefferies Financial Group reissued a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Adyen Trading Down 2.0%

OTCMKTS:ADYEY opened at $16.40 on Friday. Adyen has a one year low of $13.14 and a one year high of $19.94. The firm’s 50 day simple moving average is $15.93 and its 200 day simple moving average is $16.54.

Adyen Company Profile

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.