Shares of Edenred (OTCMKTS:EDNMY – Get Free Report) saw unusually-strong trading volume on Thursday. 84,757 shares changed hands during mid-day trading, an increase of 353% from the previous session’s volume of 18,695 shares. The stock last traded at $15.07 and had previously closed at $15.63.
Analyst Upgrades and Downgrades
A number of research firms have commented on EDNMY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Morgan Stanley restated an “overweight” rating on shares of Edenred in a report on Monday, September 21st. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Citigroup restated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Edenred currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Report on Edenred
Edenred Stock Down 3.6%
Edenred Company Profile
Edenred SE is a France-based provider of digital payment and transaction solutions for businesses, employees and public-sector organizations. The company connects employers, merchants and employees through platforms designed to manage benefits, payments and business expenses.
Its services include employee benefits such as meal and food vouchers, mobility and wellness benefits, corporate payment solutions, expense management tools, and fleet and mobility services. Edenred also provides solutions for fuel, tolls, vehicle maintenance, incentives and rewards, as well as selected public-sector programs.
The company traces its origins to the Ticket Restaurant meal-voucher business created in 1962.
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