Edenred (OTCMKTS:EDNMY) Given Average Rating of “Hold” by Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

EDNMY has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research report on Friday, April 17th. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Finally, UBS Group downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd.

Edenred Price Performance

EDNMY stock opened at $12.02 on Wednesday. Edenred has a 12 month low of $8.60 and a 12 month high of $17.00. The firm has a 50 day simple moving average of $11.10 and a 200 day simple moving average of $11.19.

Edenred Company Profile

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.