Edenred (OTCMKTS:EDNMY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

Several research firms have issued reports on EDNMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th.

Edenred Stock Performance

OTCMKTS:EDNMY opened at $16.19 on Friday. Edenred has a one year low of $8.60 and a one year high of $17.00. The firm has a 50-day simple moving average of $14.23 and a 200-day simple moving average of $12.34.

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.