EssilorLuxottica (OTCMKTS:ESLOY) Rating Increased to Hold at Zacks Research

EssilorLuxottica (OTCMKTS:ESLOY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EssilorLuxottica in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group cut EssilorLuxottica from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, EssilorLuxottica currently has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

Shares of EssilorLuxottica stock opened at $95.41 on Tuesday. EssilorLuxottica has a 52-week low of $91.44 and a 52-week high of $186.81. The company has a 50 day moving average of $97.25 and a 200 day moving average of $111.34. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.