Zacks Investment Research Upgrades CARREFOUR SA/S (OTCMKTS:CRRFY) 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 released 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 downgraded shares of CARREFOUR SA/S from a market perform rating to an underperform rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $4.25.

OTCMKTS:CRRFY traded up $0.02 on Monday, hitting $3.43. The company had a trading volume of 167,723 shares, compared to its average volume of 232,863. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.11 and a beta of 0.86. The firm has a 50 day moving average of $3.40 and a two-hundred day moving average of $3.65. CARREFOUR SA/S has a 52 week low of $3.18 and a 52 week high of $4.15.

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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