Ahold (OTCMKTS:ADRNY) Downgraded by Zacks Research to Strong Sell

Ahold (OTCMKTS:ADRNY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

ADRNY has been the subject of a number of other research reports. Kepler Capital Markets raised shares of Ahold from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. UBS Group raised shares of Ahold from a “strong sell” rating to a “hold” rating in a report on Thursday, October 16th. Finally, Jefferies Financial Group upgraded shares of Ahold from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ahold currently has an average rating of “Buy”.

Ahold Stock Performance

OTCMKTS:ADRNY opened at €40.86 on Thursday. The firm has a 50-day moving average of €41.07 and a two-hundred day moving average of €40.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.42. The stock has a market cap of $36.89 billion, a P/E ratio of 16.28, a PEG ratio of 1.84 and a beta of 0.49. Ahold has a 1-year low of €32.62 and a 1-year high of €43.26.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported €0.78 EPS for the quarter. Ahold had a return on equity of 16.23% and a net margin of 2.25%. On average, research analysts expect that Ahold will post 2.84 earnings per share for the current fiscal year.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.