Danone (OTCMKTS:DANOY) Upgraded to Strong-Buy at Kepler Capital Markets

Danone (OTCMKTS:DANOY) was upgraded by stock analysts at Kepler Capital Markets to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Danone in a research report on Wednesday, October 29th. Citigroup reissued a “neutral” rating on shares of Danone in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft cut Danone from a “hold” rating to a “sell” rating in a report on Monday, January 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danone in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Danone Trading Up 4.1%

Shares of Danone stock opened at $17.06 on Wednesday. Danone has a 1 year low of $13.81 and a 1 year high of $18.63. The company’s fifty day simple moving average is $17.30 and its 200-day simple moving average is $17.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.95.

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.