Danone (OTCMKTS:DANOY) Stock Rating Lowered by Royal Bank of Canada

Royal Bank of Canada downgraded shares of Danone (OTCMKTS:DANOY) from a moderate buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Danone to a “hold” rating in a research report 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 Trading Up 0.5 %

Shares of OTCMKTS:DANOY opened at $14.26 on Wednesday. The company has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $13.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. Danone has a 12-month low of $12.01 and a 12-month high of $14.72.

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.