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

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

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Friday, April 17th. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Edenred Stock Performance

Shares of OTCMKTS EDNMY opened at $13.45 on Monday. Edenred has a 1 year low of $8.60 and a 1 year high of $17.00. The company has a 50 day simple moving average of $11.66 and a 200-day simple moving average of $11.08.

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.