Zacks Investment Research Downgrades Koninklijke Ahold (ADRNY) to Hold

Koninklijke Ahold (OTCMKTS:ADRNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

ADRNY has been the topic of several other research reports. UBS Group cut shares of Koninklijke Ahold from a “neutral” rating to a “sell” rating in a research note on Friday, September 14th. Bank of America cut shares of Koninklijke Ahold from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Shares of OTCMKTS:ADRNY opened at $25.40 on Monday. The firm has a market cap of $31.73 billion, a PE ratio of 18.41, a P/E/G ratio of 1.56 and a beta of 0.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.97 and a quick ratio of 0.66. Koninklijke Ahold has a 52-week low of $21.02 and a 52-week high of $26.29.

About Koninklijke Ahold

Koninklijke Ahold Delhaize N.V. operates retail food stores primarily in the United States and Europe. The company's store formats include supermarkets, superstores, online grocery shopping, convenience stores, drugstores, wine and liquor stores, online shopping for general merchandise, and compact hyper and supermarkets.

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