EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Receives Average Recommendation of “Buy” from Analysts

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) have been given an average rating of “Buy” by the nine analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company.

ESLOY has been the topic of several analyst reports. Kepler Capital Markets upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. HSBC upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a report on Tuesday. They set a “hold” rating on the stock.

EssilorLuxottica Trading Down 5.0%

Shares of ESLOY opened at $98.70 on Tuesday. The firm’s 50 day moving average price is $115.33 and its 200 day moving average price is $147.56. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. EssilorLuxottica has a twelve month low of $97.87 and a twelve month high of $186.81.

About EssilorLuxottica

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.