Zacks Research Upgrades Sendas Distribuidora (OTCMKTS:ASAIY) to Strong-Buy

Sendas Distribuidora (OTCMKTS:ASAIY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

Sendas Distribuidora Price Performance

OTCMKTS:ASAIY opened at $12.70 on Tuesday. The stock has a market cap of $3.44 billion, a P/E ratio of 18.14, a PEG ratio of 0.18 and a beta of 0.66. Sendas Distribuidora has a one year low of $6.20 and a one year high of $13.76. The company has a fifty day moving average price of $9.50 and a 200 day moving average price of $8.93. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.12 and a quick ratio of 0.61.

Sendas Distribuidora (OTCMKTS:ASAIY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Sendas Distribuidora had a net margin of 1.27% and a return on equity of 12.02%. Analysts anticipate that Sendas Distribuidora will post 1.30 earnings per share for the current year.

About Sendas Distribuidora

Sendas Distribuidora SA, operating under the Assaí Atacadista brand, is a Brazilian cash-and-carry retailer serving households, small businesses, restaurants and other commercial customers. The company sells a broad range of food, beverages, cleaning supplies, personal-care products and other everyday consumer goods through its wholesale-oriented stores.

Assaí combines retail and wholesale formats, offering products in single units as well as larger packs and case quantities. Its operations are supported by in-store services and digital sales channels intended to serve both consumers and professional customers.