Jeronimo Martins SGPS (OTCMKTS:JRONY) Upgraded at Citigroup

Jeronimo Martins SGPS (OTCMKTS:JRONY) was upgraded by analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, BNP Paribas raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Friday, May 9th.

Jeronimo Martins SGPS Stock Down 0.8%

Shares of JRONY opened at $52.18 on Tuesday. The company has a market capitalization of $16.42 billion, a P/E ratio of 24.27, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.33. Jeronimo Martins SGPS has a one year low of $32.68 and a one year high of $52.74. The business’s 50 day simple moving average is $49.45 and its 200-day simple moving average is $44.31.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. Jeronimo Martins SGPS had a return on equity of 20.07% and a net margin of 1.87%. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $9.19 billion. As a group, sell-side analysts predict that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.

About Jeronimo Martins SGPS

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; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.