Edenred (OTCMKTS:EDNMY) Stock Rating Upgraded by Zacks Research

Edenred (OTCMKTS:EDNMY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Edenred Stock Performance

Shares of Edenred stock opened at $10.75 on Wednesday. The firm’s 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $12.43. Edenred has a 12-month low of $9.80 and a 12-month high of $19.00.

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.