Zacks Investment Research cut shares of Koninklijke Ahold (NASDAQ:ADRNY) from a hold rating to a sell rating in a research note published on Monday morning.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

Separately, Exane BNP Paribas upgraded Koninklijke Ahold from a neutral rating to an outperform rating in a report on Tuesday, October 4th.

Shares of Koninklijke Ahold (NASDAQ:ADRNY) opened at 22.60 on Monday. Koninklijke Ahold has a 12-month low of $20.82 and a 12-month high of $30.00.

Koninklijke Ahold Company Profile

Koninklijke Ahold N.V. (Ahold) is engaged in the operation of retail stores in Europe and the United States through subsidiaries and joint ventures. The Company operates through three segments: Ahold USA, The Netherlands and Czech Republic. In addition, Other retail consisting of Ahold’s joint venture JMR and Ahold’s Corporate Center.

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