Carrefour (OTCMKTS:CRRFY) Hits New 12-Month High – Still a Buy?

Carrefour SA (OTCMKTS:CRRFY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.84 and last traded at $3.8250, with a volume of 4063 shares changing hands. The stock had previously closed at $3.6450.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CRRFY shares. Citigroup reiterated a “buy” rating on shares of Carrefour in a research note on Thursday, December 11th. Jefferies Financial Group lowered shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, DZ Bank upgraded shares of Carrefour from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Carrefour Price Performance

The firm has a 50 day moving average of $3.42 and a 200-day moving average of $3.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.63.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.