Edenred (OTCMKTS:EDNMY) Downgraded by Zacks Research to “Strong Sell”

Edenred (OTCMKTS:EDNMY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

EDNMY has been the subject of several other reports. Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Edenred Trading Up 3.1%

Edenred stock opened at $16.50 on Tuesday. The stock has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $11.89. Edenred has a 52 week low of $8.60 and a 52 week high of $16.50.

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.