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

Shares of Nexi S.p.A. (OTCMKTS:NEXXY – Get Free Report) have been assigned an average recommendation of “Reduce” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

NEXXY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nexi in a research report on Monday, May 11th. The Goldman Sachs Group lowered shares of Nexi to a “neutral” rating in a research report on Monday, April 13th. Citigroup reaffirmed a “neutral” rating on shares of Nexi in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Nexi in a research report on Wednesday, April 29th.

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Nexi Price Performance

Shares of OTCMKTS:NEXXY opened at $4.10 on Tuesday. Nexi has a fifty-two week low of $3.00 and a fifty-two week high of $6.74. The business has a 50-day simple moving average of $4.21 and a two-hundred day simple moving average of $4.14.

About Nexi

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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.

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