Edenred (OTCMKTS:EDNMY) Sets New 12-Month High – Should You Buy?

Edenred (OTCMKTS:EDNMY) hit a new 52-week high on Wednesday . The company traded as high as $17.00 and last traded at $17.00, with a volume of 1037 shares. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EDNMY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Edenred Stock Up 4.6%

The firm’s 50 day moving average is $14.46 and its two-hundred day moving average is $12.47.

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.