Zacks Research Upgrades Colruyt (OTCMKTS:CUYTY) to Strong-Buy

Colruyt (OTCMKTS:CUYTY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on CUYTY. Sanford C. Bernstein initiated coverage on Colruyt in a report on Friday, May 15th. They issued a “market perform” rating for the company. Oddo Bhf raised Colruyt to an “outperform” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Colruyt Trading Up 2.3%

OTCMKTS CUYTY opened at $10.43 on Monday. The stock has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $9.53. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Colruyt has a fifty-two week low of $9.34 and a fifty-two week high of $10.50.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.