Edenred (OTCMKTS:EDNMY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Edenred (OTCMKTS:EDNMY) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

EDNMY has been the topic of several other reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Price Performance

Edenred stock opened at $16.50 on Tuesday. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $16.50. The stock has a fifty day moving average of $13.53 and a two-hundred day moving average of $11.89.

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.