McDonald’s Corp. Downgraded by Erste Group to Hold (MCD)
McDonald’s Corp. (NYSE:MCD) was downgraded by analysts at Erste Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, American Banking News reports.
A number of other analysts have also recently weighed in on MCD. Analysts at TheStreet reiterated a “buy” rating on shares of McDonald’s Corp. in a research note to investors on Monday, January 13th. Separately, analysts at Canaccord Genuity downgraded shares of McDonald’s Corp. from a “hold” rating to a “sell” rating in a research note to investors on Thursday, January 9th. They now have a $115.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of McDonald’s Corp. in a research note to investors on Wednesday, January 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $103.03.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.16% during mid-day trading on Tuesday, hitting $95.08. 6,462,627 shares of the company’s stock traded hands. McDonald’s Corp. has a 1-year low of $91.81 and a 1-year high of $103.70. The stock’s 50-day moving average is $95.86 and its 200-day moving average is $96.73. The company has a market cap of $94.607 billion and a price-to-earnings ratio of 17.14. McDonald’s Corp. also saw unusually large options trading activity on Tuesday. Investors purchased 19,843 call options on the company. This represents an increase of 269% compared to the average volume of 5,374 call options.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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