Delivery Hero (OTCMKTS:DLVHF) Upgraded at Citigroup

Citigroup upgraded shares of Delivery Hero (OTCMKTS:DLVHF) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Delivery Hero in a research report on Thursday, February 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Delivery Hero in a report on Friday, November 14th. Finally, Cantor Fitzgerald raised shares of Delivery Hero to a “neutral” rating in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Delivery Hero Price Performance

DLVHF opened at $25.01 on Tuesday. The business’s 50-day moving average price is $26.72 and its two-hundred day moving average price is $26.26. Delivery Hero has a 1 year low of $19.25 and a 1 year high of $32.91.

About Delivery Hero

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.