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

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

Several research analysts have weighed in on EDNMY shares. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st.

Edenred Trading Down 1.2%

OTCMKTS:EDNMY opened at $12.45 on Thursday. The stock has a 50-day moving average price of $12.57 and a 200 day moving average price of $11.31. Edenred has a 12-month low of $8.60 and a 12-month 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.