UBS Group Downgrades Imperial Tobacco Group (OTCMKTS:IMBBY) to Hold

Imperial Tobacco Group (OTCMKTS:IMBBY) was downgraded by investment analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Imperial Tobacco Group Stock Down 1.1%

Shares of OTCMKTS:IMBBY opened at $37.78 on Wednesday. The company’s 50-day moving average is $42.45 and its 200 day moving average is $41.97. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.74 and a quick ratio of 0.37. Imperial Tobacco Group has a fifty-two week low of $35.48 and a fifty-two week high of $45.60.

About Imperial Tobacco Group

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.