Ahold (OTCMKTS:ADRNY) Downgraded to “Hold” Rating by Zacks Research

Ahold (OTCMKTS:ADRNY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Ahold Price Performance

OTCMKTS:ADRNY opened at €47.02 on Thursday. The stock has a 50 day moving average of €44.16 and a two-hundred day moving average of €42.01. Ahold has a 12 month low of €32.25 and a 12 month high of €49.82. The firm has a market cap of $41.96 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47. The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32.

Ahold (OTCMKTS:ADRNY) last released its earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share for the quarter, beating the consensus estimate of €0.78 by €0.07. The business had revenue of €27.35 billion for the quarter, compared to the consensus estimate of €27.51 billion. Ahold had a return on equity of 16.91% and a net margin of 2.45%. On average, analysts expect that Ahold will post 2.84 earnings per share for the current fiscal year.

Ahold Company Profile

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.