Danone (OTCMKTS:DANOY) Given Average Recommendation of “Hold” by Analysts

Danone (OTCMKTS:DANOY) has been given a consensus recommendation of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several research analysts have recently commented on the company. Jefferies Financial Group raised Danone from an “underperform” rating to a “buy” rating in a report on Tuesday, September 16th. Citigroup reissued a “neutral” rating on shares of Danone in a research note on Wednesday, October 29th. Royal Bank Of Canada restated a “sector perform” rating on shares of Danone in a report on Wednesday, October 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Friday, October 10th.

Danone Stock Down 2.0%

Shares of Danone stock opened at $17.46 on Friday. The firm’s 50-day moving average price is $17.98 and its two-hundred day moving average price is $17.26. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. Danone has a 1-year low of $13.02 and a 1-year high of $18.63.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.