Nexi S.p.A. (OTCMKTS:NEXXY) Receives Consensus Rating of “Reduce” from Analysts

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

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

Nexi Trading Down 4.9%

OTCMKTS NEXXY opened at $3.90 on Friday. Nexi has a twelve month low of $3.00 and a twelve month high of $6.74. The stock has a fifty day simple moving average of $4.19 and a 200-day simple moving average of $4.21.

Nexi Company Profile

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.