Edenred (OTCMKTS:EDNMY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several brokerages have recently issued reports on EDNMY. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Edenred in a research note on Monday, September 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Thursday, July 30th.

Edenred Price Performance

Edenred stock opened at $16.00 on Friday. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $17.80. The firm has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $13.99.

About Edenred

Edenred SE is a France-based provider of digital payment and transaction solutions for businesses, employees and public-sector organizations. The company connects employers, merchants and employees through platforms designed to manage benefits, payments and business expenses.

Its services include employee benefits such as meal and food vouchers, mobility and wellness benefits, corporate payment solutions, expense management tools, and fleet and mobility services. Edenred also provides solutions for fuel, tolls, vehicle maintenance, incentives and rewards, as well as selected public-sector programs.

The company traces its origins to the Ticket Restaurant meal-voucher business created in 1962.