Morgan Stanley Downgrades Carrefour (OTCMKTS:CRRFY) to Equal Weight

Morgan Stanley lowered shares of Carrefour (OTCMKTS:CRRFY) from an overweight rating to an equal weight rating in a research report report published on Thursday, Marketbeat.com reports.

Carrefour Price Performance

Shares of Carrefour stock opened at $3.45 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.93 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $3.46 and its 200 day moving average is $3.54. Carrefour has a one year low of $3.18 and a one year high of $4.21.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.