LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Cut to Hold at HSBC

HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a buy rating to a hold rating in a report published on Wednesday morning, Marketbeat Ratings reports.

Separately, Zacks Research upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Up 2.3%

LVMUY stock opened at $96.07 on Wednesday. LVMH-Moet Hennessy Louis Vuitton has a one year low of $93.93 and a one year high of $152.95. The company has a fifty day moving average price of $106.74 and a two-hundred day moving average price of $110.33. The company has a quick ratio of 0.84, a current ratio of 1.58 and a debt-to-equity ratio of 0.18.

About LVMH-Moet Hennessy Louis Vuitton

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.