Edenred (OTCMKTS:EDNMY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

EDNMY has been the topic of several recent analyst reports. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd.

Edenred Price Performance

OTCMKTS EDNMY opened at $10.41 on Tuesday. Edenred has a 12 month low of $9.80 and a 12 month high of $18.66. The stock’s 50 day moving average is $10.67 and its 200 day moving average is $11.51.

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.