Edenred (OTCMKTS:EDNMY) Receives Average Rating of “Hold” from Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

EDNMY has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, UBS Group lowered Edenred to a “neutral” rating in a research report on Friday.

Edenred Trading Down 5.4%

EDNMY opened at $10.50 on Friday. The firm’s 50 day moving average is $10.79 and its 200-day moving average is $12.77. Edenred has a 52-week low of $9.80 and a 52-week high of $19.00.

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.