Carrefour (OTCMKTS:CRRFY) Downgraded by Zacks Investment Research to “Sell”

Carrefour (OTCMKTS:CRRFYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Carrefour S.A. operates hypermarkets, supermarkets, convenience stores and cash and carry stores in Europe, the Americas and Asia. Carrefour S.A. is headquartered in Boulogne-Billancourt, France. “

A number of other analysts also recently weighed in on CRRFY. Morgan Stanley reduced their price target on shares of Carrefour from €20.10 ($21.61) to €19.70 ($21.18) and set an “overweight” rating for the company in a report on Wednesday, January 19th. Barclays increased their price target on shares of Carrefour from €20.50 ($22.04) to €22.00 ($23.66) in a report on Wednesday, April 6th. Exane BNP Paribas downgraded shares of Carrefour from an “outperform” rating to a “neutral” rating and set a €20.00 ($21.51) price target for the company. in a report on Friday. Berenberg Bank raised shares of Carrefour from a “hold” rating to a “buy” rating in a report on Tuesday, April 19th. Finally, Sanford C. Bernstein raised shares of Carrefour from an “underperform” rating to a “market perform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $17.00.

Shares of OTCMKTS CRRFY traded up $0.02 during trading hours on Tuesday, hitting $4.29. 133,031 shares of the stock were exchanged, compared to its average volume of 214,550. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.80 and a quick ratio of 0.54. The company’s 50 day moving average is $4.16 and its 200 day moving average is $3.86. Carrefour has a one year low of $3.32 and a one year high of $4.51.

About Carrefour (Get Rating)

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan. The company operates hypermarkets, convenience stores, supermarkets, cash and carry stores, and hypercash stores; e-commerce sites and m-commerce channels; and service stations.

Further Reading

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Analyst Recommendations for Carrefour (OTCMKTS:CRRFY)

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