Zacks Investment Research upgraded shares of Ahold NV (OTCMKTS:ADRNY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The firm currently has $20.00 target price on the stock.

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. “

Ahold NV (OTCMKTS ADRNY) opened at 18.29 on Tuesday. The company has a market cap of $22.90 billion, a PE ratio of 17.09 and a beta of 0.76. The stock has a 50 day moving average of $19.19 and a 200 day moving average of $20.42. Ahold NV has a 12-month low of $17.65 and a 12-month high of $23.75.

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Ahold NV Company Profile

Koninklijke Ahold Delhaize N.V., formerly Koninklijke Ahold N.V., is engaged in the operation of retail stores in Europe and the United States. The Company’s segments are Ahold USA, Delhaize America, The Netherlands, Belgium, and Central and Southeastern Europe (CSE). In addition, Other retail, consists of Ahold Delhaize’s unconsolidated joint ventures JMR – Gestao de Empresas de Retalho, SGPS, SA (JMR) and P.T.

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