Delivery Hero (OTCMKTS:DLVHF) Cut to “Hold” at Barclays

Barclays cut shares of Delivery Hero (OTCMKTS:DLVHF) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on DLVHF. Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a research report on Friday, May 1st. Citigroup restated a “neutral” rating on shares of Delivery Hero in a research note on Wednesday, May 20th. UBS Group lowered shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Oddo Bhf cut shares of Delivery Hero to an “underperform” rating in a research report on Monday, May 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Delivery Hero in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Delivery Hero Trading Down 0.6%

OTCMKTS DLVHF opened at $43.40 on Tuesday. The firm’s 50 day simple moving average is $41.48 and its 200 day simple moving average is $30.34. Delivery Hero has a 1 year low of $17.48 and a 1 year high of $46.49.

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.