Koninklijke Ahold Delhaize (ADRNY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) from a buy rating to a hold rating in a report published on Tuesday morning.

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. “

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Shares of Koninklijke Ahold Delhaize (OTCMKTS ADRNY) opened at $22.90 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $28,337.86, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.51 and a beta of 0.74. Koninklijke Ahold Delhaize has a twelve month low of $17.65 and a twelve month high of $23.20.

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About Koninklijke Ahold Delhaize

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.

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