Arcos Dorados (NYSE:ARCO) Receives Upgrade From Citigroup. Will Other Analysts Follow Suit?

Share

Arcos Dorados (NYSE:ARCO) Stock Upgrade

Citigroup raised shares of Arcos Dorados (NYSE:ARCO) to a solid “Neutral” rating from the previous “Sell”. This change in rating was sent to clients and investors in a recent research report today.

Approximately 171,715 shares of stock traded hands. Arcos Dorados Holding Inc (NYSE:ARCO) has declined 45.82% since May 4, 2015 and is downtrending. It has underperformed by 44.74% the S&P500.

 Arcos Dorados (NYSE:ARCO) Receives Upgrade From Citigroup. Will Other Analysts Follow Suit?

Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The company has a market cap of $728.27 million. The Company, through its wholly owned and majority owned subsidiaries, operates and franchises McDonald’s restaurants in the food service industry. It currently has negative earnings. The Firm manages its business as distinct geographic divisions and its activities are divided into four geographical divisions: the Brazil; the Caribbean division, consisting of Aruba, Curacao, Colombia, French Guyana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division , consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.

According to Zacks Investment Research, “Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina.” Get a free copy of the Zacks research report on Arcos Dorados Holding Inc (ARCO).

COMMENTS: