Edenred (OTCMKTS:EDNMY) Receives Average Recommendation of “Hold” from Brokerages

Edenred (OTCMKTS:EDNMY) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Zacks Research upgraded Edenred from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research report on Sunday, March 15th.

Edenred Stock Down 0.4%

Shares of OTCMKTS:EDNMY opened at $12.65 on Thursday. Edenred has a 12 month low of $8.60 and a 12 month high of $17.00. The company has a 50-day moving average price of $12.68 and a 200 day moving average price of $11.39.

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.