Carrefour (OTCMKTS:CRRFY) Reaches New 52-Week High – Time to Buy?

Carrefour SA (OTCMKTS:CRRFY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $3.84 and last traded at $3.8250, with a volume of 4063 shares trading hands. The stock had previously closed at $3.6450.

Wall Street Analyst Weigh In

Several analysts recently commented on CRRFY shares. DZ Bank upgraded shares of Carrefour from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Jefferies Financial Group cut Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Carrefour in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Carrefour Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $3.42 and a 200-day moving average of $3.17.

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.