Carrefour (OTCMKTS:CRRFY) Reaches New 12-Month High – Still a Buy?

Carrefour SA (OTCMKTS:CRRFY) reached a new 52-week high on Wednesday . The stock traded as high as $3.44 and last traded at $3.35, with a volume of 5426 shares. The stock had previously closed at $3.34.

Analysts Set New Price Targets

CRRFY has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Carrefour in a research report on Thursday, December 11th. DZ Bank upgraded Carrefour from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Carrefour presently has a consensus rating of “Moderate Buy”.

Carrefour Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.90. The stock has a 50 day moving average price of $3.12 and a two-hundred day moving average price of $3.02.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.