Danone (OTCMKTS:DANOY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Danone (OTCMKTS:DANOY) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

A number of research firms recently issued reports on DANOY. Santander raised Danone to an “outperform” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Jefferies Financial Group cut Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research note on Monday, June 29th.

Danone Price Performance

OTCMKTS DANOY opened at $15.96 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. Danone has a one year low of $14.19 and a one year high of $18.63. The firm’s fifty day moving average is $15.60 and its two-hundred day moving average is $16.01.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.