PT Indofood Sukses Makmur Tbk (OTCMKTS:PIFMY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
PT Indofood Sukses Makmur Tbk Price Performance
Shares of OTCMKTS:PIFMY opened at $19.44 on Wednesday. The firm has a fifty day moving average of $19.72 and a two-hundred day moving average of $20.63. PT Indofood Sukses Makmur Tbk has a 12-month low of $16.67 and a 12-month high of $27.81.
PT Indofood Sukses Makmur Tbk Company Profile
PT Indofood Sukses Makmur Tbk is an Indonesian-based integrated food company and one of the world’s largest producers of instant noodles. Established in 1990 and headquartered in Jakarta, the company operates through several business segments including consumer branded products, flour milling, edible oils and fats, and agribusiness. Indofood is a member of the Salim Group and has grown through both organic expansion and strategic acquisitions to become a leading name in the regional food industry.
In its consumer branded products division, Indofood manufactures and markets a diverse portfolio that spans instant noodles, dairy products, snack foods, biscuits, confectionery, and flavored beverages.
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