Edenred (OTCMKTS:EDNMY) Receives Consensus Rating of “Hold” from Brokerages

Edenred (OTCMKTS:EDNMY) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

A number of equities research analysts recently weighed in on EDNMY shares. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. UBS Group cut Edenred to a “neutral” rating in a report on Friday, January 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Wednesday, October 22nd.

Edenred Stock Down 4.1%

Shares of EDNMY stock opened at $10.00 on Friday. The firm’s fifty day simple moving average is $10.74 and its 200 day simple moving average is $12.58. Edenred has a 1 year low of $9.80 and a 1 year high of $19.00.

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.