Koninklijke Ahold (ADRNY) Upgraded to Hold at Zacks Investment Research

Koninklijke Ahold (OTCMKTS:ADRNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Several other research analysts have also recently weighed in on ADRNY. Bank of America cut Koninklijke Ahold from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. JPMorgan Chase & Co. cut Koninklijke Ahold from a “neutral” rating to an “underweight” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Koninklijke Ahold has an average rating of “Hold” and a consensus price target of $28.00.

ADRNY stock opened at $25.91 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market cap of $32.12 billion, a PE ratio of 18.78, a PEG ratio of 1.64 and a beta of 0.36. Koninklijke Ahold has a fifty-two week low of $21.50 and a fifty-two week high of $26.80.

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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