Danone (OTCMKTS:DANOY) Stock Rating Lowered by Zacks Research

Danone (OTCMKTS:DANOY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other analysts have also commented on the company. Jefferies Financial Group raised Danone from a “moderate sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Danone Price Performance

Shares of DANOY stock opened at $14.59 on Thursday. Danone has a fifty-two week low of $12.83 and a fifty-two week high of $18.63. The business’s 50 day moving average price is $14.02 and its 200-day moving average price is $15.43. 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 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.