Kering (OTCMKTS:PPRUY) Upgraded to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Kering (OTCMKTS:PPRUY) from a strong sell rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Several other brokerages have also commented on PPRUY. DZ Bank upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kering presently has a consensus rating of “Reduce”.

Kering Stock Down 0.5%

PPRUY stock opened at $30.08 on Wednesday. Kering has a one year low of $17.02 and a one year high of $40.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $33.36 and a two-hundred day simple moving average of $33.30.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.