Danone (OTCMKTS:DANOY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Danone (OTCMKTS:DANOY) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently issued reports on DANOY shares. Kepler Capital Markets upgraded shares of Danone to a “strong-buy” rating in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Danone from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Monday, February 23rd.

Danone Stock Performance

DANOY opened at $17.15 on Friday. Danone has a 12-month low of $14.20 and a 12-month high of $18.63. The stock has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $17.45. The company has a current ratio of 0.95, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.