Edenred (OTCMKTS:EDNMY) Raised to Strong-Buy at Kepler Capital Markets

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

Other equities analysts have also recently issued reports about the stock. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Edenred Stock Performance

Edenred stock opened at $10.50 on Friday. The stock’s 50 day moving average price is $10.74 and its 200 day moving average price is $11.59. Edenred has a 1-year low of $9.80 and a 1-year 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.