EssilorLuxottica (OTCMKTS:ESLOY) Downgraded by Kepler Capital Markets to Strong Sell

EssilorLuxottica (OTCMKTS:ESLOY) was downgraded by stock analysts at Kepler Capital Markets from a “strong-buy” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Several other research analysts have also weighed in on ESLOY. Zacks Research raised shares of EssilorLuxottica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group lowered shares of EssilorLuxottica from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, EssilorLuxottica currently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Stock Down 2.7%

OTCMKTS ESLOY opened at $80.86 on Thursday. The stock has a fifty day simple moving average of $92.95 and a 200-day simple moving average of $102.71. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. EssilorLuxottica has a twelve month low of $80.73 and a twelve month high of $186.81.

EssilorLuxottica Company Profile

EssilorLuxottica is a global company focused on the design, manufacture and distribution of ophthalmic lenses, eyewear and related optical products. Its business serves consumers, eye-care professionals, optical retailers and other distribution partners through operations spanning the lens, frames, sunglasses and retail segments.

The company’s lens portfolio includes products such as Varilux progressive lenses, Crizal lens coatings, Eyezen lenses and Transitions light-adaptive lenses. Its eyewear brands include Ray-Ban, Oakley, Persol, Oliver Peoples, Costa and Vogue Eyewear.