Danone (OTCMKTS:DANOY) Given Consensus Recommendation of “Hold” by Brokerages

Danone (OTCMKTS:DANOY) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

Several research firms have recently issued reports on DANOY. Jefferies Financial Group lowered shares of Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Finally, Santander upgraded Danone to an “outperform” rating in a research report on Wednesday, June 10th.

Danone Price Performance

OTCMKTS DANOY opened at $15.40 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $15.96 and a two-hundred day moving average of $15.85. Danone has a 52 week low of $14.19 and a 52 week high of $18.63.

Danone Company Profile

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.