LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Downgraded to Hold Rating by Royal Bank Of Canada

LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) was downgraded by equities researchers at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

A number of other equities research analysts have also recently issued reports on the stock. HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

Shares of LVMUY opened at $92.04 on Tuesday. The company’s fifty day moving average is $104.18 and its 200-day moving average is $108.60. LVMH-Moet Hennessy Louis Vuitton has a 12 month low of $91.63 and a 12 month high of $152.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury-goods group formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. The company develops, produces and sells premium products through a portfolio of maisons, or brands, with heritage spanning fashion, wine and spirits, jewelry, watches, beauty and selective retail.

LVMH’s principal business segments include Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing and Other Activities.