Ahold (OTCMKTS:ADRNY) Downgraded by Zacks Research to “Hold”

Ahold (OTCMKTS:ADRNY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Ahold Stock Down 1.5%

Shares of OTCMKTS ADRNY opened at €47.02 on Thursday. Ahold has a 12-month low of €32.25 and a 12-month high of €49.82. The stock has a market cap of $41.96 billion, a PE ratio of 16.61, a P/E/G ratio of 2.67 and a beta of 0.47. The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of €44.16 and a 200 day moving average of €42.01.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings data on Wednesday, February 11th. The company reported €0.85 EPS for the quarter, beating analysts’ consensus estimates of €0.78 by €0.07. Ahold had a net margin of 2.45% and a return on equity of 16.91%. The company had revenue of €27.35 billion during the quarter, compared to the consensus estimate of €27.51 billion. As a group, sell-side analysts predict that Ahold will post 2.84 EPS for the current fiscal year.

Ahold Company Profile

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.