Danone (OTCMKTS:DANOY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

DANOY has been the subject of several other research reports. BNP Paribas upgraded Danone from a neutral rating to an outperform rating in a research report on Wednesday, August 14th. ValuEngine downgraded Danone from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Royal Bank of Canada downgraded Danone from an outperform rating to a sector perform rating in a research report on Monday, October 21st. Finally, Kepler Capital Markets downgraded Danone from a buy rating to a hold rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $20.00.

Shares of OTCMKTS:DANOY traded up $0.07 during trading on Wednesday, hitting $16.55. 461,779 shares of the stock were exchanged, compared to its average volume of 510,309. The company’s fifty day simple moving average is $16.78 and its 200-day simple moving average is $16.86. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.95. Danone has a 1-year low of $13.57 and a 1-year high of $18.20. The company has a market capitalization of $56.52 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.70.

About Danone

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.

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