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

Shares of Nexi S.p.A. (OTCMKTS:NEXXY) have been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company.

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

Nexi Stock Down 2.7%

Shares of OTCMKTS NEXXY opened at $4.60 on Friday. The business has a 50-day moving average of $4.20 and a two-hundred day moving average of $4.11. 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.