LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Downgraded to Hold Rating by Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

A number of other analysts have also recently weighed in on LVMUY. HSBC cut LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 1.0%

OTCMKTS LVMUY opened at $92.04 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84. LVMH-Moet Hennessy Louis Vuitton has a 52-week low of $91.63 and a 52-week high of $152.95. The business’s 50-day moving average price is $104.18 and its 200 day moving average price is $108.60.

LVMH-Moet Hennessy Louis Vuitton Company Profile

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.