Edenred (OTCMKTS:EDNMY) Sets New 12-Month High – Still a Buy?

Edenred (OTCMKTS:EDNMY) shares reached a new 52-week high on Wednesday . The company traded as high as $17.00 and last traded at $17.00, with a volume of 1037 shares changing hands. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

A number of research firms have commented on EDNMY. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Edenred has a consensus rating of “Hold”.

Edenred Stock Up 4.6%

The business has a fifty day simple moving average of $14.46 and a 200 day simple moving average of $12.47.

About Edenred

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.