Zacks Research Downgrades Edenred (OTCMKTS:EDNMY) to Strong Sell

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

A number of other equities analysts have also commented on EDNMY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Edenred presently has a consensus rating of “Hold”.

Edenred Price Performance

EDNMY opened at $16.50 on Tuesday. The stock has a fifty day moving average of $13.53 and a 200-day moving average of $11.89. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $16.50.

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.