Jeronimo Martins SGPS (OTCMKTS:JRONY) Stock Rating Upgraded by Kepler Capital Markets

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by equities researchers at Kepler Capital Markets from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Jeronimo Martins SGPS Price Performance

JRONY stock opened at $51.16 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.57 and a debt-to-equity ratio of 0.14. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.46 and a beta of 0.88. The company’s fifty day simple moving average is $49.12 and its 200 day simple moving average is $49.60. Jeronimo Martins SGPS has a 12-month low of $36.73 and a 12-month high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.70% and a net margin of 1.83%. On average, analysts expect that Jeronimo Martins SGPS will post 2.13 earnings per share for the current year.

About Jeronimo Martins SGPS

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.