Zacks Research Downgrades EssilorLuxottica (OTCMKTS:ESLOY) to Strong Sell

EssilorLuxottica (OTCMKTS:ESLOY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

Shares of OTCMKTS ESLOY opened at $95.44 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70. The business’s 50 day moving average price is $104.93 and its two-hundred day moving average price is $129.49. EssilorLuxottica has a twelve month low of $94.28 and a twelve month high of $186.81.

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.