L’Oreal (OTCMKTS:LRLCY) Sees Large Volume Increase – Still a Buy?

Shares of L’Oreal SA (OTCMKTS:LRLCY) saw an uptick in trading volume on Tuesday . 508,097 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 215,779 shares.The stock last traded at $90.01 and had previously closed at $89.41.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LRLCY. Berenberg Bank upgraded L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. HSBC upgraded L’Oreal to a “buy” rating in a report on Tuesday, February 17th. BNP Paribas Exane upgraded L’Oreal from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating on shares of L’Oreal in a report on Tuesday, February 17th. Finally, Zacks Research cut L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

L’Oreal Trading Up 0.5%

The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $85.51 and a 200 day moving average price of $86.80.

About L’Oreal

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.