Edenred (OTCMKTS:EDNMY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Edenred (OTCMKTS:EDNMY) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

EDNMY has been the topic of a number of recent research reports. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Morgan Stanley reiterated an “overweight” rating on shares of Edenred in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th.

Edenred Stock Up 1.3%

Shares of EDNMY opened at $15.60 on Friday. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $17.80. The firm’s 50 day moving average price is $16.50 and its 200 day moving average price is $13.94.

About Edenred

Edenred SE is a France-based provider of digital payment and transaction solutions for businesses, employees and public-sector organizations. The company connects employers, merchants and employees through platforms designed to manage benefits, payments and business expenses.

Its services include employee benefits such as meal and food vouchers, mobility and wellness benefits, corporate payment solutions, expense management tools, and fleet and mobility services. Edenred also provides solutions for fuel, tolls, vehicle maintenance, incentives and rewards, as well as selected public-sector programs.

The company traces its origins to the Ticket Restaurant meal-voucher business created in 1962.