Zacks Investment Research downgraded shares of COLRUYT SA/ADR (OTCMKTS:CUYTY) from a buy rating to a sell rating in a research report sent to investors on Monday morning.
According to Zacks, “Colruyt SA engages in the retail and distribution of food and non-food products as well as fuels. Its operating segment includes Retail, Wholesale and Food Service, and Other Activities. Retail segment includes stores under the management that directly supplies retail customers and bulk consumers. Wholesale and Food Service segment supplies wholesalers, bulk customers, and affiliated independent merchants. Other Activities segment includes businesses such as filling stations, printing and document management and alternative energy. Colruyt SA is headquartered in Halle, Belgium. “
Shares of CUYTY stock opened at $15.11 on Monday. COLRUYT SA/ADR has a twelve month low of $12.08 and a twelve month high of $15.11.
About COLRUYT SA/ADR
Etn. Fr. Colruyt NV, together with its subsidiaries, engages in the retail, wholesale, and food service activities in Belgium, France, and internationally. It operates through three segments: Retail, Wholesale and Foodservice, and Other Activities. The company operates food retail store network that includes 239 Colruyt stores, 135 OKay stores, 27 Bio- Planet stores, and 3 Cru stores, as well as 43 Dreamland stores in Belgium and 2 in France.
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