Truist Financial Upgrades Adyen (OTCMKTS:ADYEY) to "Strong-Buy"

Truist Financial upgraded shares of Adyen (OTCMKTS:ADYEY - Free Report) to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

ADYEY has been the topic of several other research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Adyen in a research note on Friday, March 7th. Monness Crespi & Hardt restated a "buy" rating on shares of Adyen in a report on Friday, May 2nd. Finally, Evercore ISI raised Adyen to a "strong-buy" rating in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Adyen currently has an average rating of "Strong Buy".

Adyen Trading Up 0.8%

ADYEY stock traded up $0.15 during trading hours on Monday, hitting $19.29. 235,632 shares of the stock traded hands, compared to its average volume of 639,168. The stock has a 50-day simple moving average of $16.79 and a 200 day simple moving average of $16.21. Adyen has a one year low of $10.78 and a one year high of $19.49.

Adyen Company Profile

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing.