Danone (OTCMKTS:DANOY) Rating Lowered to Hold at Royal Bank of Canada

Danone (OTCMKTS:DANOY) was downgraded by investment analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the company. Jefferies Financial Group cut Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded Danone to a “hold” rating in a research report on Tuesday, December 17th. Finally, Sanford C. Bernstein upgraded Danone from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th.

Danone Price Performance

DANOY opened at $14.26 on Wednesday. Danone has a 12 month low of $12.01 and a 12 month high of $14.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The stock’s 50 day moving average price is $13.68 and its 200 day moving average price is $13.88.

Danone Company Profile

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.