Danone (OTCMKTS:DANOY) Receives Average Rating of “Hold” from Analysts

Shares of Danone (OTCMKTS:DANOY) have received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

DANOY has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Danone from a “hold” rating to an “underperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Friday, July 3rd. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Monday, June 29th. Finally, Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th.

Danone Price Performance

Shares of Danone stock opened at $16.36 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $15.51 and its two-hundred day moving average is $16.05. Danone has a 1 year low of $14.19 and a 1 year high of $18.63.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.