Danone (DANOY) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Danone (OTCMKTS:DANOY) from a buy rating to a hold rating in a report issued on Friday.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
Danone (DANOY) traded down 0.64% during trading on Friday, reaching $15.64. The company had a trading volume of 136,139 shares. The company has a market capitalization of $49.42 billion, a P/E ratio of 22.78 and a beta of 0.74. Danone has a 12 month low of $12.21 and a 12 month high of $17.10. The stock has a 50 day moving average of $15.50 and a 200-day moving average of $14.53.
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Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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