Moncler (OTCMKTS:MONRY) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Moncler (OTCMKTS:MONRY) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks reports.

A number of other analysts have also commented on the company. HSBC restated a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Moncler in a report on Tuesday, September 22nd. Citigroup reissued a “buy” rating on shares of Moncler in a research report on Wednesday, August 19th. Finally, The Goldman Sachs Group started coverage on Moncler in a research note on Sunday, October 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Moncler Stock Up 0.4%

Shares of OTCMKTS MONRY opened at $47.28 on Tuesday. Moncler has a 1-year low of $46.77 and a 1-year high of $71.41. The company has a fifty day moving average price of $50.81 and a 200 day moving average price of $58.20.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury apparel company headquartered in Milan. Founded in 1952 in Monestier-de-Clermont, France, the company initially produced technical equipment and sleeping bags before becoming known for down jackets and other high-performance outerwear.

Moncler designs, manufactures and distributes luxury clothing, footwear and accessories for men, women and children. Its product range includes down jackets, coats, knitwear, sportswear, bags, shoes and other fashion accessories.