Edenred (OTCMKTS:EDNMY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Edenred (OTCMKTS:EDNMY) from a "hold" to a "strong sell", while other analysts remain mixed (Kepler Capital upgraded to "strong-buy", UBS cut to "hold"), leaving an average consensus rating of "Hold" with 1 Strong Buy, 1 Buy, 3 Hold and 1 Sell.
• Shares opened at $10.45 (down ~0.1%), with a 50-day moving average of $10.54, 200-day moving average of $11.25, and a 12-month trading range of $8.60 to $18.66.
• Edenred is a global leader in prepaid corporate services—known for its Ticket Restaurant® meal voucher business—offering employee benefits, expense management and incentive solutions.

Edenred (OTCMKTS:EDNMY - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Kepler Capital Markets upgraded Edenred to a "strong-buy" rating in a research report on Sunday, March 15th. UBS Group lowered Edenred from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Edenred presently has an average rating of "Hold".

Edenred Trading Down 0.1%

Shares of Edenred stock opened at $10.45 on Wednesday. The business's 50-day moving average price is $10.54 and its 200-day moving average price is $11.25. Edenred has a 12 month low of $8.60 and a 12 month high of $18.66.

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.

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