Edenred (OTCMKTS:EDNMY) Raised to “Hold” at Zacks Research

Edenred (OTCMKTS:EDNMY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

EDNMY has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Friday, April 17th. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Edenred currently has a consensus rating of “Hold”.

Edenred Stock Down 0.4%

Edenred stock opened at $13.45 on Monday. The business has a 50 day moving average of $11.66 and a 200-day moving average of $11.08. Edenred has a 1 year low of $8.60 and a 1 year high of $17.00.

About Edenred

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.