Edenred (OTCMKTS:EDNMY) Upgraded by Kepler Capital Markets to Strong-Buy Rating

Edenred (OTCMKTS:EDNMY) was upgraded by equities research analysts at Kepler Capital Markets to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports.

EDNMY has been the topic of a number of other research reports. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Edenred Price Performance

Shares of OTCMKTS EDNMY opened at $10.50 on Friday. The stock’s 50-day simple moving average is $10.74 and its 200-day simple moving average is $11.59. Edenred has a fifty-two week low of $9.80 and a fifty-two week high of $18.66.

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.