Carrefour (OTCMKTS:CRRFY) Hits New 12-Month High – Should You Buy?

Carrefour SA (OTCMKTS:CRRFY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.88 and last traded at $3.73, with a volume of 3554 shares changing hands. The stock had previously closed at $3.78.

Analyst Ratings Changes

A number of brokerages have recently commented on CRRFY. Citigroup reissued a “buy” rating on shares of Carrefour in a research report on Thursday, December 11th. Jefferies Financial Group downgraded shares of Carrefour from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Carrefour currently has an average rating of “Buy”.

Carrefour Trading Up 0.5%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The business has a 50 day moving average price of $3.60 and a 200-day moving average price of $3.31.

About Carrefour

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.