Jollibee Foods (OTCMKTS:JBFCY) Upgraded to “Buy” at The Goldman Sachs Group

Jollibee Foods (OTCMKTS:JBFCY) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, The Fly reports.

Shares of OTCMKTS JBFCY traded up $0.92 during midday trading on Friday, hitting $16.80. The company had a trading volume of 279 shares, compared to its average volume of 1,119. Jollibee Foods has a twelve month low of $10.00 and a twelve month high of $17.60. The firm has a 50-day simple moving average of $14.96.

Jollibee Foods Company Profile

Jollibee Foods Corporation, doing business as Jollibee, develops, operates, and franchises quick service restaurants. The company operates quick service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Hard Rock Cafe, Dunkin' Donuts, Smashburger, Tim Ho Wan, Tortas Frontera, The Coffee Bean & Tea Leaf, and Panda Express names.

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