Danone (OTCMKTS:DANOY) Receives Consensus Rating of “Hold” from Brokerages

Danone (OTCMKTS:DANOY) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several brokerages have weighed in on DANOY. Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. Jefferies Financial Group lowered shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Monday, June 29th.

Danone Stock Performance

OTCMKTS:DANOY opened at $16.42 on Wednesday. Danone has a 12-month low of $14.19 and a 12-month high of $18.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. The business has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $16.00.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.