Edenred (OTCMKTS:EDNMY) Upgraded at Zacks Research

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

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Edenred currently has an average rating of “Moderate Buy”.

Edenred Trading Down 1.4%

EDNMY opened at $17.50 on Wednesday. Edenred has a 52-week low of $8.60 and a 52-week high of $17.80. The company has a 50 day moving average of $15.14 and a two-hundred day moving average of $12.80.

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.