LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Stock Rating Upgraded by DZ Bank

LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) was upgraded by analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on LVMUY. Berenberg Bank cut shares of LVMH-Moet Hennessy Louis Vuitton from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. UBS Group upgraded LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Zacks Research upgraded LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley raised LVMH-Moet Hennessy Louis Vuitton from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. Five research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

Shares of LVMUY opened at $129.28 on Thursday. The stock has a 50 day simple moving average of $145.40 and a 200 day simple moving average of $131.61. LVMH-Moet Hennessy Louis Vuitton has a 52-week low of $101.80 and a 52-week high of $152.95. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.