Danone (OTCMKTS:DANOY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.
Several other research firms have also commented on DANOY. Morgan Stanley restated an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Jefferies Financial Group upgraded shares of Danone from a “moderate sell” rating to a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Danone
Danone Price Performance
OTCMKTS DANOY opened at $14.59 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.97 and a debt-to-equity ratio of 0.60. Danone has a 1-year low of $12.83 and a 1-year high of $18.63. The business’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $15.43.
About Danone
Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.
The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.
Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.
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