Carrefour (OTCMKTS:CRRFY) Reaches New 52-Week High – Should You Buy?

Carrefour SA (OTCMKTS:CRRFY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $3.44 and last traded at $3.35, with a volume of 5426 shares changing hands. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

CRRFY has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. DZ Bank upgraded shares of Carrefour from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Carrefour Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.90. The business’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $3.02.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.