Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Cut to “Equal Weight” at Morgan Stanley

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, Briefing.com reports.

Separately, JPMorgan Chase & Co. downgraded shares of Koninklijke Ahold Delhaize from an “overweight” rating to an “underweight” rating in a research note on Tuesday, September 5th.

Koninklijke Ahold Delhaize Stock Performance

OTCMKTS:ADRNY opened at €29.46 ($31.68) on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of €29.99 and a 200 day simple moving average of €32.18. Koninklijke Ahold Delhaize has a 1-year low of €28.09 ($30.20) and a 1-year high of €35.51 ($38.18). The stock has a market cap of $28.32 billion, a P/E ratio of 12.17, a PEG ratio of 3.45 and a beta of 0.52.

About Koninklijke Ahold Delhaize

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce primarily in the United States and Europe. The company's stores offer produce, dairy, meat, deli, bakery, seafood, and frozen products; grocery, dairy, and beer and wine; floral, pet food, health and beauty care, kitchen and cookware, gardening tools, general merchandise articles, electronics, newspapers and magazines, tobacco, etc.; gasoline; and pharmacy products.