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

Danone (OTCMKTS:DANOY) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

A number of research firms recently issued reports on DANOY. Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Finally, Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st.

Danone Trading Up 1.1%

Shares of OTCMKTS:DANOY opened at $14.34 on Thursday. The firm has a fifty day moving average of $15.60 and a two-hundred day moving average of $15.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. Danone has a 12-month low of $14.19 and a 12-month high of $18.63.

About Danone

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.