Edenred (OTCMKTS:EDNMY) Receives Consensus Recommendation of “Hold” from Analysts

Edenred (OTCMKTS:EDNMY) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have recently commented on the company. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a report on Wednesday, June 10th.

Edenred Stock Performance

EDNMY opened at $15.60 on Monday. The business has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $11.73. Edenred has a 1-year low of $8.60 and a 1-year high of $17.00.

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.