Danone (OTCMKTS:DANOY) Receives Average Rating of “Hold” from Brokerages

Danone (OTCMKTS:DANOY) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities research analysts have commented on DANOY shares. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Jefferies Financial Group lowered shares of Danone from a “hold” rating to an “underperform” rating in a research report on Tuesday. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Monday, June 29th.

Danone Trading Down 2.2%

Danone stock opened at $16.36 on Wednesday. Danone has a 1-year low of $14.19 and a 1-year high of $18.63. The business has a fifty day moving average price of $15.51 and a 200-day moving average price of $16.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

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.