Zacks Investment Research upgraded shares of JERONIMO MARTIN/ADR (OTCMKTS:JRONY) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com 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. “
OTCMKTS:JRONY opened at $33.16 on Wednesday. JERONIMO MARTIN/ADR has a one year low of $23.02 and a one year high of $35.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.20 and a current ratio of 0.41. The stock has a market cap of $10.42 billion, a PE ratio of 21.96, a P/E/G ratio of 5.60 and a beta of 1.07. The stock has a 50 day moving average price of $32.41 and a 200 day moving average price of $32.83.
About JERONIMO MARTIN/ADR
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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