Zacks Investment Research Downgrades Koninklijke Ahold (ADRNY) to Sell
Koninklijke Ahold (NASDAQ:ADRNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.
According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “
Separately, Exane BNP Paribas upgraded Koninklijke Ahold from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 4th.
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Shares of Koninklijke Ahold (NASDAQ:ADRNY) traded down 0.40% on Monday, reaching $22.30. 114,014 shares of the company’s stock were exchanged. Koninklijke Ahold has a 12 month low of $20.82 and a 12 month high of $30.00.
About Koninklijke Ahold
Koninklijke Ahold N.V. (Ahold) is engaged in the operation of retail stores in Europe and the United States through subsidiaries and joint ventures. The Company operates through three segments: Ahold USA, The Netherlands and Czech Republic. In addition, Other retail consisting of Ahold’s joint venture JMR and Ahold’s Corporate Center.
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