Edenred (OTCMKTS:EDNMY) Given Consensus Rating of “Hold” by Brokerages

Edenred (OTCMKTS:EDNMY) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

EDNMY has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Friday, April 24th.

Edenred Trading Up 2.3%

EDNMY opened at $15.15 on Monday. The business’s 50 day moving average price is $13.32 and its 200 day moving average price is $11.79. Edenred has a one year low of $8.60 and a one year high of $17.00.

Edenred Company Profile

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.