Delivery Hero (OTCMKTS:DLVHF) Upgraded by Citigroup to Hold Rating

Delivery Hero (OTCMKTS:DLVHF) was upgraded by analysts at Citigroup from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on DLVHF. Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a research note on Friday, November 14th. Cantor Fitzgerald raised shares of Delivery Hero to a “neutral” rating in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Delivery Hero in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Delivery Hero Stock Performance

DLVHF stock opened at $25.01 on Tuesday. Delivery Hero has a twelve month low of $19.25 and a twelve month high of $32.91. The stock’s 50 day moving average is $26.73 and its 200-day moving average is $26.26.

Delivery Hero Company Profile

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.