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

Shares of Edenred (OTCMKTS:EDNMY) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

EDNMY has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. UBS Group lowered Edenred to a “neutral” rating in a report on Friday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd.

Edenred Trading Down 5.4%

OTCMKTS EDNMY opened at $10.50 on Friday. Edenred has a 12 month low of $9.80 and a 12 month high of $19.00. The company’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $12.77.

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.