Zacks Investment Research Lowers CARREFOUR SA/S (CRRFY) to Sell

Zacks Investment Research lowered shares of CARREFOUR SA/S (OTCMKTS:CRRFY) from a buy rating to a sell rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Carrefour S.A. operates hypermarkets, supermarkets, convenience stores and cash and carry stores in Europe, the Americas and Asia. Carrefour S.A. is headquartered in Boulogne-Billancourt, France. “

A number of other analysts have also issued reports on the company. Morgan Stanley initiated coverage on CARREFOUR SA/S in a report on Thursday, February 7th. They issued an equal weight rating for the company. JPMorgan Chase & Co. restated an underweight rating on shares of CARREFOUR SA/S in a report on Friday, March 1st.

CRRFY opened at $3.85 on Wednesday. CARREFOUR SA/S has a 12-month low of $2.99 and a 12-month high of $4.15.

About CARREFOUR SA/S

Carrefour SA operates stores in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, China, and Taiwan. The company operates hypermarkets, supermarkets, cash and carry stores, and hypercash stores; e-commerce sites and m-commerce channels; and service stations.

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