L’Oréal (OTCMKTS:LRLCY) Downgraded by Berenberg Bank to “Hold”

Berenberg Bank cut shares of L’Oréal (OTCMKTS:LRLCY) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat reports.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada upgraded L’Oréal from a “sector perform” rating to an “outperform” rating in a report on Friday, March 21st. Argus raised shares of L’Oréal to a “strong-buy” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

L’Oréal Price Performance

Shares of OTCMKTS LRLCY opened at $73.82 on Tuesday. The stock has a fifty day moving average price of $74.20 and a 200 day moving average price of $75.00. L’Oréal has a 12-month low of $66.64 and a 12-month high of $99.65. The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13.

About L’Oréal

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.