Kering (OTCMKTS:PPRUY) Upgraded by Zacks Research to Hold Rating

Kering (OTCMKTS:PPRUY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Sanford C. Bernstein raised Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. HSBC cut Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. TD Cowen reissued a “buy” rating on shares of Kering in a research report on Thursday, April 9th. DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kering Trading Up 0.7%

Shares of OTCMKTS:PPRUY opened at $28.07 on Monday. Kering has a fifty-two week low of $19.24 and a fifty-two week high of $40.70. The business has a 50-day moving average of $28.92 and a two-hundred day moving average of $32.08. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

About Kering

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.