LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Stock Rating Lowered by Zacks Research

LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Several other brokerages have also weighed in on LVMUY. Royal Bank Of Canada lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Up 3.0%

Shares of LVMH-Moet Hennessy Louis Vuitton stock opened at $89.00 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.63 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $96.72 and a two-hundred day simple moving average of $105.88. LVMH-Moet Hennessy Louis Vuitton has a 1 year low of $82.29 and a 1 year high of $152.95.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.