Danone SA (NASDAQ:DANOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Several other brokerages have also issued reports on DANOY. JPMorgan Chase & Co. raised shares of Danone SA from an “underweight” rating to a “neutral” rating in a report on Tuesday, July 12th. Deutsche Bank AG lowered shares of Danone SA from a “hold” rating to a “sell” rating in a report on Friday, September 9th.

Shares of Danone SA (NASDAQ:DANOY) opened at 14.41 on Friday. The company has a market capitalization of $44.44 billion and a PE ratio of 22.70. Danone SA has a 1-year low of $12.10 and a 1-year high of $15.77. The stock’s 50 day moving average is $15.26 and its 200 day moving average is $14.37.

Danone SA Company Profile

Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.

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