Edenred (OTCMKTS:EDNMY) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Edenred a consensus rating of Hold from seven analysts: 1 sell, 4 hold, 1 buy and 1 strong buy.
• Recent broker actions are mixed—UBS downgraded Edenred from strong-buy to hold, Kepler upgraded to strong-buy, and Zacks cut to strong sell—indicating divergent analyst views.
• Shares opened at $12.25, within a 52-week range of $8.60–$17.00, with 50‑day and 200‑day moving averages at $10.96 and $11.22 respectively.

Edenred (OTCMKTS:EDNMY - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have recently issued reports on EDNMY. UBS Group cut shares of Edenred from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Citigroup restated a "neutral" rating on shares of Edenred in a report on Friday, April 24th. Kepler Capital Markets upgraded shares of Edenred to a "strong-buy" rating in a report on Sunday, March 15th. Zacks Research cut shares of Edenred from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Edenred in a research report on Friday, April 17th.

Edenred Stock Performance

Shares of Edenred stock opened at $12.25 on Wednesday. Edenred has a 52-week low of $8.60 and a 52-week high of $17.00. The company's 50 day moving average price is $10.96 and its 200-day moving average price is $11.22.

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.

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