Danone (DANOY) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

Several other brokerages also recently issued reports on DANOY. Deutsche Bank raised Danone from a hold rating to a buy rating in a research report on Tuesday, July 31st. Credit Suisse Group raised Danone from a neutral rating to an outperform rating in a research report on Friday, September 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $17.00.

Shares of OTCMKTS:DANOY opened at $14.98 on Wednesday. Danone has a 52-week low of $13.91 and a 52-week high of $17.54. The company has a current ratio of 1.05, a quick ratio of 0.89 and a debt-to-equity ratio of 1.00.

Danone Company Profile

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.

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