Edenred (OTCMKTS:EDNMY) Rating Lowered to “Strong Sell” at Zacks Research

Edenred (OTCMKTS:EDNMY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on EDNMY. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. Sanford C. Bernstein downgraded Edenred from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Edenred Stock Performance

Edenred stock opened at $11.20 on Tuesday. Edenred has a 12 month low of $10.00 and a 12 month high of $19.00. The stock’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $13.12.

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.