Kering (OTCMKTS:PPRUY) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Kering (OTCMKTS:PPRUY) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on PPRUY. Citigroup reissued a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kering presently has an average rating of “Reduce”.

Kering Stock Down 0.4%

Shares of PPRUY opened at $29.97 on Wednesday. The business’s fifty day moving average price is $33.25 and its 200 day moving average price is $33.33. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.87 and a current ratio of 1.32. Kering has a 12-month low of $17.02 and a 12-month high of $40.70.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.