JERONIMO MARTIN/ADR (OTCMKTS:JRONY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of JERONIMO MARTIN/ADR (OTCMKTS:JRONY) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, reports.

According to Zacks, “Jeronimo Martins SGPS SA is engaged in the distribution and production of food items and fast moving consumer goods through its retail and wholesale operations in Portugal and Poland. The Company carries its operations through its distribution, manufacturing and service segments. It operates mini-hyper and hypermarkets, supermarkets and cash and carry outlets, food service platforms and also manufactures margarines, soups, savory products, ice tea and cooking oils. The Company also represents and caterers products ranging from cosmetics to chocolates, ice-creams and confectionaries. It is also engaged in the development of a chain of coffee kiosks and restaurants. Jeronimo Martins SGPS SA is headquartered in Lisbon, Portugal. “

JRONY has been the topic of several other reports. Deutsche Bank downgraded shares of JERONIMO MARTIN/ADR from a buy rating to a hold rating in a research note on Monday, July 29th. Berenberg Bank downgraded shares of JERONIMO MARTIN/ADR from a buy rating to a hold rating in a research note on Monday, July 22nd.

Shares of OTCMKTS:JRONY opened at $33.47 on Tuesday. The company’s fifty day moving average is $34.13 and its two-hundred day moving average is $32.47. The company has a quick ratio of 0.20, a current ratio of 0.41 and a debt-to-equity ratio of 1.16. JERONIMO MARTIN/ADR has a 12-month low of $23.02 and a 12-month high of $35.14. The company has a market cap of $10.46 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 5.60 and a beta of 1.10.


Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; and Others, Eliminations and Adjustments segments. It operates 2,900 food stores under the Biedronka name; and a chain of 30 pharmacies and 200 drugstores under the Hebe banner in Poland, as well as 532 food stores under the Ara name in Colombia.

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