Danone (OTCMKTS:DANOY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Danone (OTCMKTS:DANOY) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

DANOY has been the subject of a number of research reports. Jefferies Financial Group raised Danone from a “moderate sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Zacks Research lowered Danone from a “hold” rating to a “strong sell” rating in a report on Thursday.

Danone Trading Up 1.0%

OTCMKTS DANOY opened at $14.59 on Friday. Danone has a 12 month low of $12.83 and a 12 month high of $18.63. The company has a current ratio of 0.97, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The company’s 50 day simple moving average is $14.02 and its 200 day simple moving average is $15.43.

Danone Company Profile

Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.

The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.