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

Danone (OTCMKTS:DANOY) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

A number of brokerages have recently issued reports on DANOY. Kepler Capital Markets upgraded shares of Danone to a “strong-buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research note on Monday, February 23rd.

Danone Stock Performance

Shares of Danone stock opened at $14.34 on Tuesday. The firm’s 50-day simple moving average is $15.34 and its 200-day simple moving average is $16.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. Danone has a 1 year low of $14.19 and a 1 year high of $18.63.

About Danone

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.