CARREFOUR SA/S (OTCMKTS:CRRFY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of CARREFOUR SA/S (OTCMKTS:CRRFY) from a sell rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Carrefour S.A. operates hypermarkets, supermarkets, convenience stores and cash and carry stores in Europe, the Americas and Asia. Carrefour S.A. is headquartered in Boulogne-Billancourt, France. “

Separately, Sanford C. Bernstein cut CARREFOUR SA/S from a market perform rating to an underperform rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $4.25.

CRRFY stock traded down $0.01 during mid-day trading on Monday, reaching $3.42. The company had a trading volume of 221,624 shares, compared to its average volume of 318,847. The stock has a market capitalization of $13.54 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 0.86. CARREFOUR SA/S has a one year low of $3.18 and a one year high of $4.15. The stock’s 50-day simple moving average is $3.40 and its two-hundred day simple moving average is $3.65.

About CARREFOUR SA/S

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company operates hypermarkets, supermarkets, cash and carry stores, and hypercash stores; e-commerce sites and m-commerce channels; and service stations.

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