Edenred (OTCMKTS:EDNMY) Raised to “Hold” at Zacks Research

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

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Friday, April 17th. Citigroup reissued a “neutral” rating on shares of Edenred in a report on Friday, April 24th. Finally, Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Edenred Price Performance

EDNMY stock opened at $13.45 on Monday. Edenred has a 12 month low of $8.60 and a 12 month high of $17.00. The firm has a 50-day moving average price of $11.66 and a 200-day moving average price of $11.08.

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.