Ahold NV (OTCMKTS:ADRNY) Lowered to Hold at Zacks Investment Research

Ahold NV (OTCMKTS:ADRNY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

Ahold NV (OTCMKTS:ADRNY) traded down 1.00% during trading on Friday, hitting $19.79. 51,119 shares of the stock traded hands. Ahold NV has a 12 month low of $17.77 and a 12 month high of $24.75. The stock has a market cap of $25.02 billion, a P/E ratio of 19.63 and a beta of 0.73. The firm’s 50-day moving average is $19.76 and its 200-day moving average is $20.91.

Ahold NV (OTCMKTS:ADRNY) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Ahold NV had a return on equity of 9.62% and a net margin of 1.79%. The business had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.89 billion. On average, analysts forecast that Ahold NV will post $1.45 EPS for the current year.

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About Ahold NV

Koninklijke Ahold Delhaize N.V., formerly Koninklijke Ahold N.V., is engaged in the operation of retail stores in Europe and the United States. The Company’s segments are Ahold USA, Delhaize America, The Netherlands, Belgium, and Central and Southeastern Europe (CSE). In addition, Other retail, consists of Ahold Delhaize’s unconsolidated joint ventures JMR – Gestao de Empresas de Retalho, SGPS, SA (JMR) and P.T.

Analyst Recommendations for Ahold NV (OTCMKTS:ADRNY)

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