Delivery Hero SE (OTCMKTS:DLVHF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Delivery Hero SE (OTCMKTS:DLVHF) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

DLVHF has been the subject of several analyst reports. Cantor Fitzgerald upgraded Delivery Hero to a “neutral” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Delivery Hero in a report on Thursday, February 5th. Finally, Citigroup upgraded shares of Delivery Hero from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd.

Delivery Hero Stock Performance

Shares of OTCMKTS DLVHF opened at $19.56 on Friday. Delivery Hero has a fifty-two week low of $17.48 and a fifty-two week high of $32.91. The stock has a fifty day moving average of $24.99 and a 200-day moving average of $25.34.

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.