Royal Bank of Canada Downgrades Danone (OTCMKTS:DANOY) to Hold

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

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

Danone Stock Up 0.5 %

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

About Danone

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.