H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Downgraded by Hsbc Global Res to Hold

Hsbc Global Res cut shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

HNNMY has been the subject of several other research reports. Barclays downgraded shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Royal Bank of Canada downgraded shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

H & M Hennes & Mauritz AB (publ) Stock Performance

OTCMKTS:HNNMY opened at $2.85 on Wednesday. The stock has a market cap of $20.18 billion, a PE ratio of 20.36 and a beta of 1.43. H & M Hennes & Mauritz AB has a fifty-two week low of $2.46 and a fifty-two week high of $3.69. The firm’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.90. The company has a quick ratio of 0.55, a current ratio of 1.14 and a debt-to-equity ratio of 1.40.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. Analysts expect that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.