Edenred (OTCMKTS:EDNMY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Edenred (OTCMKTS:EDNMY) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Finally, Citigroup restated a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Edenred Trading Down 1.4%

Shares of Edenred stock opened at $17.50 on Wednesday. The business’s fifty day simple moving average is $15.14 and its 200 day simple moving average is $12.80. Edenred has a 12 month low of $8.60 and a 12 month high of $17.80.

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.