Kering (OTCMKTS:PPRUY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Kering (OTCMKTS:PPRUY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other research firms also recently commented on PPRUY. TD Cowen reissued a “buy” rating on shares of Kering in a report on Thursday, April 9th. HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kering has an average rating of “Hold”.

Kering Stock Up 4.0%

OTCMKTS:PPRUY opened at $28.82 on Tuesday. The firm’s fifty day simple moving average is $29.03 and its 200-day simple moving average is $30.63. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Kering has a fifty-two week low of $22.17 and a fifty-two week high of $40.70.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.