Edenred (OTCMKTS:EDNMY) Receives Consensus Rating of “Hold” from Analysts

Shares of Edenred (OTCMKTS:EDNMY) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

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

Edenred Stock Down 2.6%

Shares of EDNMY stock opened at $13.00 on Friday. The company’s 50-day simple moving average is $11.83 and its 200-day simple moving average is $11.12. Edenred has a one year low of $8.60 and a one year 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.