Carrefour (OTCMKTS:CRRFY) Sets New 12-Month High - Here's What Happened

Key Points

• Carrefour shares reached a new 52-week high, trading as high as $3.9050 and last at $3.8950 on Monday with a volume of 32,198 shares (previous close $3.86).
• Jefferies downgraded Carrefour from "buy" to "hold" on Jan. 30, but the stock still carries a MarketBeat consensus rating of "Buy" (1 Strong Buy, 2 Buy, 1 Hold).
• Key metrics show leverage and liquidity at a debt-to-equity of 0.83, current ratio 0.87 and quick ratio 0.63, while technicals are bullish with the 50-day SMA at $3.65 above the 200-day SMA at $3.34.

Carrefour SA (OTCMKTS:CRRFY - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $3.9050 and last traded at $3.8950, with a volume of 32198 shares traded. The stock had previously closed at $3.86.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Carrefour from a "buy" rating to a "hold" rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

Carrefour Price Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.63. The firm has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $3.34.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.