Colruyt (OTCMKTS:CUYTY) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Colruyt (OTCMKTS:CUYTY) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other research analysts have also weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Colruyt in a research note on Monday, July 6th. They issued a “hold” rating on the stock. Oddo Bhf raised shares of Colruyt to an “outperform” rating in a research note on Friday, June 12th. Finally, Sanford C. Bernstein began coverage on shares of Colruyt in a report on Friday, May 15th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Colruyt Price Performance

OTCMKTS CUYTY opened at $10.82 on Monday. The company has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $9.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.87 and a quick ratio of 0.57. Colruyt has a 52-week low of $9.34 and a 52-week high of $11.43.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.