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

Nexi S.p.A. (OTCMKTS:NEXXY) has been given an average rating of “Reduce” by the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

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

Nexi Trading Up 2.2%

Shares of Nexi stock opened at $4.10 on Tuesday. The firm’s 50-day moving average is $4.21 and its 200 day moving average is $4.14. Nexi has a 1 year low of $3.00 and a 1 year 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.