Moncler (OTCMKTS:MONRY) Stock Rating Lowered by Zacks Research

Moncler (OTCMKTS:MONRY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Moncler in a report on Sunday, October 4th. They issued a “buy” rating for the company. HSBC reaffirmed a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Citigroup reaffirmed a “buy” rating on shares of Moncler in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Moncler in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Moncler currently has an average rating of “Moderate Buy”.

Moncler Trading Up 0.4%

Shares of MONRY stock opened at $47.28 on Tuesday. Moncler has a 1 year low of $46.77 and a 1 year high of $71.41. The firm’s 50 day moving average is $50.81 and its 200-day moving average is $58.20.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury apparel company headquartered in Milan. Founded in 1952 in Monestier-de-Clermont, France, the company initially produced technical equipment and sleeping bags before becoming known for down jackets and other high-performance outerwear.

Moncler designs, manufactures and distributes luxury clothing, footwear and accessories for men, women and children. Its product range includes down jackets, coats, knitwear, sportswear, bags, shoes and other fashion accessories.