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

Edenred (OTCMKTS:EDNMY – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms recently commented on EDNMY. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of Edenred in a research report on Monday, September 21st.

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Edenred Stock Up 0.8%

Edenred stock opened at $15.50 on Friday. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $17.80. The firm’s fifty day moving average price is $16.53 and its 200-day moving average price is $13.87.

About Edenred

(Get Free Report)

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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