Edenred (OTCMKTS:EDNMY) Given Average Rating of “Hold” by Brokerages

Edenred (OTCMKTS:EDNMY) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have issued reports on EDNMY shares. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research note on Friday, April 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th.

Edenred Trading Down 1.1%

EDNMY stock opened at $13.50 on Friday. Edenred has a 52-week low of $8.60 and a 52-week high of $17.00. The business has a 50-day simple moving average of $11.59 and a two-hundred day simple moving average of $11.08.

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.