Jeronimo Martins SGPS (OTCMKTS:JRONY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS (OTCMKTS:JRONY) from a strong sell rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Jeronimo Martins SGPS Stock Performance

Shares of OTCMKTS JRONY opened at $50.15 on Wednesday. The company has a 50-day simple moving average of $49.13 and a 200-day simple moving average of $49.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.57 and a quick ratio of 0.31. The company has a market cap of $15.78 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. Jeronimo Martins SGPS has a 12 month low of $36.73 and a 12 month high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its earnings results on Wednesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.61 billion. Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.70%. On average, equities analysts anticipate that Jeronimo Martins SGPS will post 2.13 earnings per share for the current year.

About Jeronimo Martins SGPS

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.