Edenred (EDNMY) – What Are Researchers Saying About This Stock?

Shares of Edenred (OTCMKTS:EDNMY) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research firms have commented on EDNMY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research note on Monday, September 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th.

Edenred Trading Down 2.5%

OTCMKTS:EDNMY opened at $13.75 on Wednesday. Edenred has a 52-week low of $8.60 and a 52-week high of $17.80. The stock has a 50-day simple moving average of $16.26 and a 200 day simple moving average of $13.27.

About Edenred

Edenred SE is a France-based provider of digital payment and service solutions for employers, employees, merchants and public institutions. The company operates platforms that connect organizations with beneficiaries and affiliated merchants, helping manage employee benefits, business expenses, mobility programs and social assistance.

Its products and services include meal and food vouchers, employee engagement and incentive solutions, corporate payment cards, expense-management tools, fleet and fuel payments, toll services, and mobility-related benefits.