TD Cowen Initiates Coverage on LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY)

Stock analysts at TD Cowen began coverage on shares of LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) in a note issued to investors on Friday, Zacks reports. The brokerage set a “hold” rating on the stock.

A number of other research firms also recently issued reports on LVMUY. Zacks Research downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. HSBC downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Royal Bank Of Canada lowered LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, LVMH-Moet Hennessy Louis Vuitton has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

Shares of LVMUY stock opened at $86.16 on Friday. 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 company has a 50-day moving average of $92.44 and a two-hundred day moving average of $109.45. 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 company formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. The group operates a portfolio of brands spanning fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.

Its brands include Louis Vuitton, Dior, Fendi, Givenchy, Celine, Loewe, Bulgari, Tiffany & Co, TAG Heuer, Moët & Chandon, Dom Pérignon, Hennessy, Sephora, and DFS. The company’s products and services range from luxury apparel, handbags, jewelry, watches, and beauty products to champagne, cognac, duty-free retail, and specialty retail experiences.

LVMH serves customers internationally through boutiques, department stores, travel-retail locations, hospitality activities, and e-commerce platforms across Europe, the Americas, Asia, and other global markets.