Carrefour SA (OTCMKTS:CRRFY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Carrefour SA (OTCMKTS:CRRFY) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have recently commented on CRRFY shares. UBS Group upgraded Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada assumed coverage on Carrefour in a report on Monday. They set a “moderate buy” rating for the company.

Carrefour Stock Up 1.4%

CRRFY stock opened at $3.73 on Monday. Carrefour has a 12 month low of $2.82 and a 12 month high of $4.13. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $3.79 and a 200 day simple moving average of $3.66.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.