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

Edenred (OTCMKTS:EDNMY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $17.80 and last traded at $17.80, with a volume of 159 shares trading hands. The stock had previously closed at $17.15.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EDNMY. Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Thursday, July 30th. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Edenred currently has an average rating of “Hold”.

Edenred Price Performance

The business has a fifty day moving average of $15.68 and a 200-day moving average of $13.07.

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.