Edenred (OTCMKTS:EDNMY) Rating Increased to Hold at Zacks Research

Edenred (OTCMKTS:EDNMY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Edenred Trading Down 1.4%

OTCMKTS EDNMY opened at $17.50 on Wednesday. The business’s 50-day moving average price is $15.14 and its 200 day moving average price is $12.80. Edenred has a twelve month low of $8.60 and a twelve month high of $17.80.

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.