Edenred (OTCMKTS:EDNMY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Edenred (OTCMKTS:EDNMY) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Citigroup reissued a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd.

Edenred Trading Up 2.8%

Shares of EDNMY opened at $16.65 on Tuesday. Edenred has a 12 month low of $8.60 and a 12 month high of $17.80. The stock has a fifty day moving average price of $16.13 and a 200-day moving average price of $13.34.

Edenred Company Profile

Edenred SE is a France-based provider of employee benefits, mobility solutions and corporate payment services. The company helps employers manage benefits and expenses while giving employees access to services such as meal programs, gift cards and other workplace rewards.

Its product portfolio includes meal and food vouchers, employee engagement and incentive solutions, fleet and fuel cards, vehicle maintenance services, business travel and expense-management tools, and virtual payment solutions.