Danone (OTCMKTS:DANOY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Several other equities research analysts have also commented on DANOY. BNP Paribas upgraded shares of Danone from a neutral rating to an outperform rating in a research report on Wednesday, August 14th. ValuEngine downgraded shares of Danone from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Royal Bank of Canada downgraded shares of Danone from an outperform rating to a sector perform rating in a research note on Monday, October 21st. Finally, Kepler Capital Markets downgraded shares of Danone from a buy rating to a hold rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $20.00.

Shares of DANOY traded up $0.07 during trading hours on Wednesday, hitting $16.55. The stock had a trading volume of 461,779 shares, compared to its average volume of 510,309. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.95. The firm has a market capitalization of $56.52 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.47 and a beta of 0.70. The firm has a 50-day moving average price of $16.78 and a 200 day moving average price of $16.86. Danone has a fifty-two week low of $13.57 and a fifty-two week high of $18.20.

Danone Company Profile

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.

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