Edenred (OTCMKTS:EDNMY) Trading 5.8% Higher – What’s Next?

Edenred (OTCMKTS:EDNMY) shares were up 5.8% during trading on Tuesday . The company traded as high as $11.15 and last traded at $11.15. Approximately 316 shares traded hands during trading, a decline of 98% from the average daily volume of 13,610 shares. The stock had previously closed at $10.54.

Analysts Set New Price Targets

Several brokerages recently issued reports on EDNMY. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a report on Wednesday, September 3rd. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Edenred Trading Up 6.7%

The firm has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $13.27.

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.