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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Koninklijke Ahold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Ahold and related companies with MarketBeat.com's FREE daily email newsletter.