Edenred (OTCMKTS:EDNMY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have weighed in on EDNMY shares. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. UBS Group cut Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th.

Edenred Stock Down 1.4%

EDNMY opened at $10.25 on Tuesday. Edenred has a twelve month low of $9.80 and a twelve month high of $18.66. The company has a fifty day simple moving average of $10.68 and a 200 day simple moving average of $11.55.

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.