Evolution AB (publ) (OTCMKTS:EVGGF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Evolution AB (publ) (OTCMKTS:EVGGF) have earned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

Several equities research analysts recently weighed in on EVGGF shares. Citigroup restated a “neutral” rating on shares of Evolution AB (publ) in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Evolution AB (publ) in a report on Monday, July 20th. Finally, BNP Paribas Exane began coverage on shares of Evolution AB (publ) in a report on Thursday, May 14th. They issued an “outperform” rating for the company.

Evolution AB (publ) Stock Performance

OTCMKTS EVGGF opened at $78.48 on Monday. The stock has a 50 day moving average price of $73.05 and a 200-day moving average price of $67.77. Evolution AB has a one year low of $56.15 and a one year high of $92.90.

Evolution AB (publ) Company Profile

Evolution AB (publ) is a Sweden-based company that specializes in providing live casino solutions to the global online gaming industry. Since its founding in 2006 and subsequent listing on Nasdaq Stockholm in 2015, the company has focused on delivering real-time, interactive gaming experiences by streaming professional dealers from studio environments to operator platforms. Its offering includes classic table games such as roulette, blackjack and baccarat, as well as a growing portfolio of proprietary live game shows and RNG (random number generator) slot titles.

Evolution operates a network of purpose-built studios across Europe, North America and Latin America, serving licensed and regulated markets in more than 20 jurisdictions.