EssilorLuxottica (OTCMKTS:ESLOY) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of EssilorLuxottica (OTCMKTS:ESLOY) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

ESLOY has been the topic of a number of other reports. HSBC upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of EssilorLuxottica in a research report on Tuesday, October 28th. UBS Group upgraded EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 27th. Kepler Capital Markets raised shares of EssilorLuxottica from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of EssilorLuxottica in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

EssilorLuxottica Price Performance

Shares of OTCMKTS ESLOY opened at $157.68 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.97. EssilorLuxottica has a 12-month low of $125.26 and a 12-month high of $186.81. The firm’s 50-day moving average price is $169.15 and its 200-day moving average price is $161.78.

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.