Zacks Investment Research lowered shares of Danone SA (NASDAQ:DANOY) from a buy rating to a hold rating in a research note released on Friday morning.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Several other brokerages have also recently weighed in on DANOY. Deutsche Bank AG cut Danone SA from a hold rating to a sell rating in a research report on Friday, September 9th. JPMorgan Chase & Co. upgraded Danone SA from an underweight rating to a neutral rating in a research report on Tuesday, July 12th.

Danone SA (NASDAQ:DANOY) opened at 14.47 on Friday. Danone SA has a 12 month low of $12.10 and a 12 month high of $15.77. The firm has a market cap of $44.62 billion and a P/E ratio of 22.75. The stock has a 50 day moving average of $15.24 and a 200-day moving average of $14.38.

About Danone SA

Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.

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