Edenred (OTCMKTS:EDNMY) Given Average Rating of “Hold” by Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st.

Edenred Price Performance

OTCMKTS EDNMY opened at $15.20 on Monday. The business has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $11.65. Edenred has a one year low of $8.60 and a one year high of $17.00.

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.