Edenred (OTCMKTS:EDNMY) Stock Rating Upgraded by Zacks Research

Edenred (OTCMKTS:EDNMY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on EDNMY. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Wednesday, October 22nd. Sanford C. Bernstein cut Edenred from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Edenred in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Edenred Price Performance

EDNMY stock traded up $0.60 during mid-day trading on Monday, hitting $10.60. The stock had a trading volume of 5,396 shares, compared to its average volume of 25,977. The firm has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $13.73. Edenred has a 52 week low of $10.00 and a 52 week high of $19.00.

About Edenred

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.