Danone (OTCMKTS:DANOY) Raised to "Buy" at Jefferies Financial Group

Key Points

• Danone has been upgraded by Jefferies Financial Group from an "underperform" rating to a "buy" rating.
• The stock currently has a consensus rating of "Hold" from analysts, with seven analysts weighing in, including a recent downgrade from Wall Street Zen.
• Danone's stock is trading at around $17.49 with a twelve-month range between $13.02 and $17.74, indicating significant volatility.

Jefferies Financial Group upgraded shares of Danone (OTCMKTS:DANOY - Free Report) from an underperform rating to a buy rating in a report released on Tuesday, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Morgan Stanley reissued an "overweight" rating on shares of Danone in a research note on Monday, August 4th. Wall Street Zen lowered Danone from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Danone Stock Up 0.3%

Shares of OTCMKTS:DANOY traded up $0.06 during midday trading on Tuesday, reaching $17.44. The company's stock had a trading volume of 176,228 shares, compared to its average volume of 220,489. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $16.44. Danone has a fifty-two week low of $13.02 and a fifty-two week high of $17.74.

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.