EssilorLuxottica Société anonyme (OTCMKTS:ESLOY) Downgraded by Zacks Investment Research

EssilorLuxottica Société anonyme (OTCMKTS:ESLOY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “EssilorLuxottica Société is involved in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. The company’s brand portfolio consists of Ray-Ban, Oakley, Varilux(R), Transitions(R), Sunglass Hut and LensCrafters. EssilorLuxottica Société, formerly known as Essilor International Société Anonyme, is based in Paris, France. “

Other analysts have also recently issued research reports about the company. Morgan Stanley lowered their price target on EssilorLuxottica Société anonyme from €195.00 ($207.45) to €190.00 ($202.13) in a research report on Monday, March 14th. UBS Group lifted their price target on EssilorLuxottica Société anonyme from €185.00 ($196.81) to €189.00 ($201.06) and gave the stock a “buy” rating in a research report on Monday, April 4th. Societe Generale raised EssilorLuxottica Société anonyme from a “sell” rating to a “hold” rating in a research report on Monday, March 14th. Finally, HSBC raised EssilorLuxottica Société anonyme from a “hold” rating to a “buy” rating in a report on Monday, March 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $144.83.

ESLOY traded up $0.68 on Thursday, reaching $79.30. 43,053 shares of the stock were exchanged, compared to its average volume of 62,187. The company’s 50-day moving average price is $86.07 and its 200 day moving average price is $94.08. EssilorLuxottica Société anonyme has a fifty-two week low of $73.48 and a fifty-two week high of $110.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.03.

EssilorLuxottica Société anonyme Company Profile (Get Rating)

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in North America, Europe, Latin America, Asia, Oceania, and Africa. It operates in five segments: Wholesale, Retail, Lenses and Optical Instruments, Equipment, and Sunglasses and Readers.

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