flatexDEGIRO AG (OTCMKTS:FNNTF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of flatexDEGIRO AG (OTCMKTS:FNNTF) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities analysts have commented on FNNTF shares. Jefferies Financial Group restated a “hold” rating on shares of flatexDEGIRO in a research note on Wednesday, July 22nd. Barclays began coverage on flatexDEGIRO in a research note on Friday, June 12th. They issued an “overweight” rating on the stock. Morgan Stanley upgraded flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a report on Thursday, September 3rd. Finally, Citigroup reissued a “buy” rating on shares of flatexDEGIRO in a research note on Monday, July 6th.

flatexDEGIRO Stock Performance

flatexDEGIRO stock opened at $33.90 on Monday. flatexDEGIRO has a 52-week low of $32.57 and a 52-week high of $46.96. The company’s 50 day moving average is $40.87 and its two-hundred day moving average is $39.41.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.