Danone (OTCMKTS:DANOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Shares of Danone (OTCMKTS DANOY) traded up 0.19% on Thursday, hitting $16.21. The company had a trading volume of 835,421 shares. The firm has a market capitalization of $51.22 billion, a price-to-earnings ratio of 23.61 and a beta of 0.74. Danone has a 12-month low of $12.21 and a 12-month high of $17.10.

COPYRIGHT VIOLATION NOTICE: “Danone (DANOY) Cut to “Hold” at Zacks Investment Research” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/14/danone-danoy-cut-to-hold-at-zacks-investment-research-2.html.

Danone Company Profile

Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.

Get a free copy of the Zacks research report on Danone (DANOY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Danone (OTCMKTS:DANOY)

Receive News & Ratings for Danone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danone and related companies with MarketBeat.com's FREE daily email newsletter.