Edenred (OTCMKTS:EDNMY) Upgraded at Zacks Research

Zacks Research upgraded shares of Edenred (OTCMKTS:EDNMY) from a strong sell rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Several other research firms also recently weighed in on EDNMY. UBS Group downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Edenred Trading Down 0.9%

Edenred stock opened at $10.65 on Wednesday. The stock has a 50-day moving average of $10.72 and a two-hundred day moving average of $12.40. Edenred has a one year low of $9.80 and a one year 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.