Carrefour SA (OTCMKTS:CRRFY – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.68 and traded as low as $3.64. Carrefour shares last traded at $3.67, with a volume of 115,253 shares changing hands.
Analyst Ratings Changes
Several research firms have issued reports on CRRFY. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada assumed coverage on shares of Carrefour in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. Finally, Oddo Bhf upgraded shares of Carrefour to a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Carrefour presently has an average rating of “Moderate Buy”.
Read Our Latest Report on CRRFY
Carrefour Trading Down 0.3%
About Carrefour
Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.
Carrefour’s core business activities revolve around food retailing, non-food products and services.
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