Edenred (OTCMKTS:EDNMY) Stock Rating Lowered by Zacks Research

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

EDNMY has been the subject of a number of other research reports. Sanford C. Bernstein cut Edenred from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edenred has an average rating of “Hold”.

Edenred Stock Performance

EDNMY opened at $11.20 on Tuesday. Edenred has a twelve month low of $10.00 and a twelve month high of $19.00. The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $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.