Evolution AB (publ) (OTCMKTS:EVGGF) Stock Now Rated “Reduce” by Sell-Side Analysts

Shares of Evolution AB (publ) (OTCMKTS:EVGGF) have been given an average rating of “Reduce” by the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

Several research analysts have recently commented on EVGGF shares. BNP Paribas Exane lowered Evolution AB (publ) from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 29th. Citigroup restated a “neutral” rating on shares of Evolution AB (publ) in a research note on Monday, July 20th. UBS Group upgraded Evolution AB (publ) to a “neutral” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Evolution AB (publ) in a report on Monday, July 20th.

Evolution AB (publ) Stock Performance

Shares of OTCMKTS EVGGF opened at $86.00 on Wednesday. The stock’s 50 day moving average price is $84.46 and its two-hundred day moving average price is $73.48. Evolution AB has a 52-week low of $56.15 and a 52-week high of $91.29.

Evolution AB (publ) Company Profile

Evolution AB (publ) is a Sweden-based business-to-business provider of online casino games and gaming solutions. The company develops and operates live casino games for online gaming operators, including roulette, blackjack, baccarat and game-show-style titles, which are streamed from dedicated studios. Founded in 2006, Evolution has expanded its offerings to include digital casino games distributed through brands and studios it has acquired, such as NetEnt, Red Tiger, Big Time Gaming and Nolimit City.