Danone (OTCMKTS:DANOY) Lowered to “Sell” at Zacks Investment Research

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Danone (OTCMKTS:DANOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

Separately, Barclays assumed coverage on shares of Danone in a research note on Wednesday, April 10th. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.00.

Shares of OTCMKTS:DANOY traded up $0.01 during midday trading on Tuesday, reaching $16.47. The company had a trading volume of 473,196 shares, compared to its average volume of 556,795. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The firm has a market cap of $53.24 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. Danone has a one year low of $13.57 and a one year high of $16.49.

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 DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.

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