Colruyt (OTCMKTS:CUYTY) Upgraded by Zacks Research to “Strong-Buy” Rating

Colruyt (OTCMKTS:CUYTY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. Oddo Bhf raised Colruyt to an “outperform” rating in a research note on Friday, June 12th. Sanford C. Bernstein began coverage on Colruyt in a research note on Friday, May 15th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Colruyt Stock Performance

Shares of OTCMKTS CUYTY opened at $10.43 on Monday. The company has a 50 day simple moving average of $9.69 and a 200-day simple moving average of $9.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.87. Colruyt has a 1 year low of $9.34 and a 1 year high of $10.50.

About Colruyt

Colruyt Group is a Belgium-based retail and wholesale company known for its range of food and non-food products. Founded in 1928 by Franz Colruyt, the company has developed a reputation for competitive pricing and operational efficiency. It operates a network of branded supermarkets and hypermarkets under the Colruyt name, catering to both household shoppers and business clients.

In addition to its core supermarket operations, Colruyt Group manages several specialized retail formats and services.