Zacks Investment Research upgraded shares of LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a hold rating to a buy rating in a research note released on Friday. The firm currently has $65.00 price objective on the stock.

According to Zacks, “LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the production and sale of prestigious luxury goods under world-famous brand names. The five different sectors in which the Company operates are: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective retailing. The company has expanded its international retail network all over the world. LVMH Moet Hennessy Louis Vuitton is headquartered in Paris, France. “

Separately, Deutsche Bank cut LVMH Moet Hennessy Louis Vuitton from a buy rating to a hold rating in a report on Monday, December 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. LVMH Moet Hennessy Louis Vuitton currently has a consensus rating of Buy and a consensus price target of $65.00.

LVMH Moet Hennessy Louis Vuitton (LVMUY) opened at $57.83 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 1.02. LVMH Moet Hennessy Louis Vuitton has a 52-week low of $36.82 and a 52-week high of $60.34.

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About LVMH Moet Hennessy Louis Vuitton

LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world.

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