Carrefour (OTCMKTS:CRRFY) Reaches New 12-Month High – Still a Buy?

Carrefour SA (OTCMKTS:CRRFY) shares hit a new 52-week high during trading on Friday . The company traded as high as $4.09 and last traded at $4.07, with a volume of 27793 shares changing hands. The stock had previously closed at $4.04.

Analyst Upgrades and Downgrades

CRRFY has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Oddo Bhf raised Carrefour to a “neutral” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Carrefour Price Performance

The firm has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.44. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.