Edenred (OTCMKTS:EDNMY) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Edenred (OTCMKTS:EDNMY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Sanford C. Bernstein cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Edenred Stock Performance

Shares of EDNMY opened at $11.30 on Tuesday. The business has a 50-day simple moving average of $11.24 and a two-hundred day simple moving average of $13.11. Edenred has a 52 week low of $10.00 and a 52 week high of $19.00.

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.