Danone (OTCMKTS:DANOY) Stock Rating Raised to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Danone (OTCMKTS:DANOY) from a moderate sell rating to a hold rating in a research report sent to investors on Thursday,Zacks reports.

DANOY has been the subject of several other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Danone presently has an average rating of “Moderate Buy”.

Danone Price Performance

DANOY opened at $14.44 on Thursday. The company has a 50 day simple moving average of $14.04 and a two-hundred day simple moving average of $15.45. The company has a current ratio of 0.97, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. Danone has a 1-year low of $12.83 and a 1-year high of $18.63.

Danone Company Profile

Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.

The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.