Edenred (OTCMKTS:EDNMY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have received an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

EDNMY has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th.

Edenred Stock Down 1.5%

EDNMY opened at $16.75 on Friday. Edenred has a 1 year low of $8.60 and a 1 year high of $17.00. The firm’s fifty day moving average price is $14.64 and its two-hundred day moving average price is $12.56.

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.