Carrefour (OTCMKTS:CRRFY) Hits New 52-Week High – Still a Buy?

Carrefour SA (OTCMKTS:CRRFY) shares hit a new 52-week high on Friday . The company traded as high as $4.09 and last traded at $4.07, with a volume of 27793 shares trading hands. The stock had previously closed at $4.04.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRRFY shares. Oddo Bhf raised shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. Jefferies Financial Group downgraded shares of Carrefour from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Carrefour Trading Up 0.5%

The firm’s 50 day simple moving average is $3.76 and its 200 day simple moving average is $3.44. 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 Company Profile

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.