Carrefour (OTCMKTS:CRRFY) Reaches New 12-Month High - Still a Buy?

Key Points

• 52-week high: Carrefour shares traded as high as $4.09 and last at $4.07 on volume of 27,793 shares, up from a prior close of $4.04.
• Analyst consensus: MarketBeat shows a "Moderate Buy" consensus (one Strong Buy, one Buy, two Holds), with recent moves including Jefferies downgrading to Hold and Oddo Bhf moving to Neutral.
• Technical and liquidity metrics: the 50-day SMA is $3.76 and the 200-day SMA $3.44; the company reports a current ratio of 0.87, quick ratio of 0.63 and debt-to-equity of 0.83, indicating modest leverage and tight short-term liquidity.

Carrefour SA (OTCMKTS:CRRFY - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $4.09 and last traded at $4.07, with a volume of 27793 shares changing hands. The stock had previously closed at $4.04.

Analyst Upgrades and Downgrades

CRRFY has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded Carrefour from a "buy" rating to a "hold" rating in a research report on Friday, January 30th. Oddo Bhf raised Carrefour to a "neutral" rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Carrefour Price Performance

The firm has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.44. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83.

About Carrefour

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world's largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour's core business activities revolve around food retailing, non-food products and services.

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