Edenred (EDNMY) – What Are Investment Firms Saying About This Stock?

Shares of Edenred (OTCMKTS:EDNMY) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

EDNMY has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Morgan Stanley restated an “overweight” rating on shares of Edenred in a research report on Monday, September 21st. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a report on Monday, August 3rd.

Edenred Price Performance

OTCMKTS EDNMY opened at $13.55 on Wednesday. Edenred has a one year low of $8.60 and a one year high of $17.80. The company’s 50-day simple moving average is $16.07 and its two-hundred day simple moving average is $13.31.

About Edenred

Edenred SE is a France-based provider of digital payment and service solutions for employers, employees, merchants and public institutions. The company operates platforms that connect organizations with beneficiaries and affiliated merchants, helping manage employee benefits, business expenses, mobility programs and social assistance.

Its products and services include meal and food vouchers, employee engagement and incentive solutions, corporate payment cards, expense-management tools, fleet and fuel payments, toll services, and mobility-related benefits.