Zacks Research Downgrades LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) to Strong Sell

LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

LVMUY has been the topic of several other reports. DZ Bank raised shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Barclays raised shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

LVMUY opened at $106.50 on Tuesday. The company’s 50 day simple moving average is $110.59 and its 200 day simple moving average is $130.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84. LVMH-Moet Hennessy Louis Vuitton has a 1 year low of $101.80 and a 1 year high of $152.95.

About LVMH-Moet Hennessy Louis Vuitton

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.