Zacks Research Upgrades EssilorLuxottica (OTCMKTS:ESLOY) to Hold

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

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

EssilorLuxottica Trading Up 0.5%

OTCMKTS ESLOY opened at $95.41 on Tuesday. EssilorLuxottica has a 12 month low of $91.44 and a 12 month 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 company’s 50 day simple moving average is $97.25 and its 200 day simple moving average is $111.34.

EssilorLuxottica Company Profile

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.