Carrefour Sa Spon (CRRFY) Downgraded by J P Morgan Chase & Co to “Hold”
Carrefour Sa Spon (NASDAQ:CRRFY) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “hold” rating in a report released on Thursday.
Several other research firms also recently commented on CRRFY. Deutsche Bank AG downgraded shares of Carrefour Sa Spon from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Carrefour Sa Spon from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Finally, Jefferies Group LLC downgraded shares of Carrefour Sa Spon from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Carrefour Sa Spon currently has a consensus rating of “Hold” and an average price target of $5.50.
Shares of Carrefour Sa Spon (NASDAQ:CRRFY) traded down 2.72% during midday trading on Thursday, reaching $3.94. 507,608 shares of the company traded hands. The firm has a market capitalization of $14.71 billion and a PE ratio of 16.72. Carrefour Sa Spon has a 12-month low of $3.93 and a 12-month high of $5.41. The company has a 50-day moving average of $4.84 and a 200 day moving average of $4.86.
About Carrefour Sa Spon
Carrefour SA operates as a multi-local, multi-format, multi-channel retailer primarily in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company operates hypermarkets, supermarkets, convenience stores, cash and carry stores, and hypercash stores; e-commerce Websites, as well as m-commerce channels; and service stations.
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