Danone (OTCMKTS:DANOY) Stock Now Rated “Hold” by Sell-Side Analysts

Danone (OTCMKTS:DANOY) has received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several equities research analysts have issued reports on the company. Jefferies Financial Group downgraded Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th.

Danone Stock Performance

Danone stock opened at $13.15 on Monday. Danone has a 1-year low of $12.83 and a 1-year high of $18.63. The firm has a 50 day simple moving average of $14.52 and a 200 day simple moving average of $15.23.

About Danone

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona.