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

Shares of Edenred (OTCMKTS:EDNMY) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have issued reports on the stock. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Friday. Zacks Research downgraded shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. UBS Group downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a research note on Sunday, March 15th.

Edenred Stock Performance

OTCMKTS EDNMY opened at $12.00 on Friday. Edenred has a 1 year low of $8.60 and a 1 year high of $18.66. The company has a fifty day moving average of $10.61 and a two-hundred day moving average of $11.22.

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.