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

Shares of Edenred (OTCMKTS:EDNMY) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

Several research analysts have recently issued reports on EDNMY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Finally, Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th.

Edenred Stock Down 2.0%

Shares of EDNMY stock opened at $16.26 on Friday. The business’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $12.47. Edenred has a 12-month low of $8.60 and a 12-month high of $17.00.

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.