Carrefour (OTCMKTS:CRRFY) Sets New 1-Year High – What’s Next?

Shares of Carrefour SA (OTCMKTS:CRRFY) hit a new 52-week high on Friday . The company traded as high as $3.46 and last traded at $3.41, with a volume of 93571 shares changing hands. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

CRRFY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Carrefour in a research report on Thursday, December 11th. DZ Bank raised shares of Carrefour from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Carrefour Price Performance

The firm has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.63.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.