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

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

A number of other research firms have also recently weighed in on EDNMY. UBS Group cut Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Edenred Trading Up 3.5%

OTCMKTS EDNMY opened at $10.82 on Wednesday. The company has a 50 day moving average price of $10.54 and a 200 day moving average price of $11.24. Edenred has a 52 week low of $8.60 and a 52 week high of $18.66.

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.