Edenred (OTCMKTS:EDNMY) Given Average Recommendation of “Hold” by Analysts

Shares of Edenred (OTCMKTS:EDNMY) have earned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

EDNMY has been the subject of several research reports. 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. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Friday, April 17th.

Edenred Trading Down 1.1%

Shares of Edenred stock opened at $13.50 on Friday. The business has a 50-day moving average price of $11.59 and a two-hundred day moving average price 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.