EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company.

Several brokerages have recently commented on ESLOY. Zacks Research lowered EssilorLuxottica from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group downgraded EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EssilorLuxottica in a report on Tuesday, May 12th. They issued a “hold” rating on the stock.

EssilorLuxottica Price Performance

Shares of EssilorLuxottica stock opened at $95.41 on Thursday. EssilorLuxottica has a fifty-two week low of $91.44 and a fifty-two week high of $186.81. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $97.25 and a 200 day moving average of $111.34.

About EssilorLuxottica

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.