Carrefour (CRRFY) Projected to Release Earnings on Thursday

Carrefour (OTCMKTS:CRRFY) is expected to post its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.1076 per share and revenue of $45.9341 billion for the quarter.

Carrefour Trading Down 1.3%

OTCMKTS CRRFY opened at $3.73 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. Carrefour has a one year low of $2.82 and a one year high of $4.13. The company’s 50 day moving average price is $3.76 and its 200 day moving average price is $3.68.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oddo Bhf raised shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. UBS Group raised shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada assumed coverage on Carrefour in a report on Monday, July 6th. They issued a “moderate buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.

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.