Zacks Investment Research downgraded shares of Jeronimo Martins SGPS SA – (NASDAQ:JRONY) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “

Jeronimo Martins SGPS SA – (NASDAQ:JRONY) remained flat at $34.25 on Tuesday. Jeronimo Martins SGPS SA – has a 52-week low of $25.00 and a 52-week high of $36.91. The stock’s 50-day moving average is $31.22 and its 200-day moving average is $32.84. The firm has a market capitalization of $10.76 billion and a P/E ratio of 17.55.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Lowers Jeronimo Martins SGPS SA – (JRONY) to Sell” was first posted by Watch List News and is the propert of of Watch List News. If you are accessing this report on another website, it was stolen and republished in violation of United States and international copyright laws. The correct version of this report can be viewed at http://www.watchlistnews.com/zacks-investment-research-lowers-jeronimo-martins-sgps-sa-jrony-to-sell/1059961.html.

About Jeronimo Martins SGPS SA –

Jeronimo Martins SGPS SA is a Portugal-based company engaged in the food retail sector. The Company’s activities are divided into three business segments: Portugal Retail, which comprises operation of Pingo Doce supermarkets; Portugal Cash & Carry, which includes the wholesale business unit Recheio, and Poland Retail, which operates a network of supermarkets under the Biedronka brand name.

5 Day Chart for NASDAQ:JRONY

Get a free copy of the Zacks research report on Jeronimo Martins SGPS SA – (JRONY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Jeronimo Martins SGPS SA - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeronimo Martins SGPS SA - and related companies with Analyst Ratings Network's FREE daily email newsletter.