Carrefour (OTCMKTS:CRRFY) Shares Gap Up – Still a Buy?

Carrefour SA (OTCMKTS:CRRFYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.47, but opened at $3.61. Carrefour shares last traded at $3.63, with a volume of 723 shares trading hands.

Wall Street Analyst Weigh In

Separately, Oddo Bhf upgraded Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on Carrefour

Carrefour Trading Down 0.3%

The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $3.86 and its 200-day moving average is $3.62.

About Carrefour

(Get Free Report)

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.

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