Danone (DANOY) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Danone (OTCMKTS:DANOY) from a buy rating to a hold rating in a research report report published on Thursday 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. “
Shares of Danone (DANOY) opened at 16.10 on Thursday. Danone has a 1-year low of $12.21 and a 1-year high of $17.10. The stock’s 50 day moving average price is $15.76 and its 200-day moving average price is $14.73. The company has a market capitalization of $50.88 billion, a PE ratio of 23.45 and a beta of 0.74.
Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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