Danone (OTCMKTS:DANOY) Cut to “Hold” at Royal Bank of Canada

Royal Bank of Canada cut shares of Danone (OTCMKTS:DANOY) from a moderate buy rating to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Sanford C. Bernstein upgraded Danone from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 9th. The Goldman Sachs Group upgraded Danone to a “hold” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group cut Danone from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th.

Danone Stock Up 0.5 %

OTCMKTS:DANOY opened at $14.26 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The stock’s fifty day moving average is $13.68 and its two-hundred day moving average is $13.88. Danone has a 52 week low of $12.01 and a 52 week high of $14.72.

Danone Company Profile

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.