Danone (OTCMKTS:DANOY) Given Consensus Rating of “Moderate Buy” by Analysts

Danone (OTCMKTS:DANOY) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Danone from a “hold” rating to a “sell” rating in a research note on Monday, January 12th. Kepler Capital Markets raised Danone to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Monday, February 23rd.

Danone Price Performance

DANOY stock opened at $16.11 on Thursday. The stock’s 50 day simple moving average is $16.70 and its 200 day simple moving average is $17.39. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. Danone has a 12-month low of $15.08 and a 12-month 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.