Nestle (NSRGY) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Nestle (OTCMKTS:NSRGY) from a sell rating to a hold rating in a research note published on Thursday morning.
According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “
Shares of Nestle (NSRGY) opened at $86.09 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. Nestle has a twelve month low of $66.08 and a twelve month high of $89.40.
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Nestle Company Profile
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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