EssilorLuxottica (OTCMKTS:ESLOY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of EssilorLuxottica (OTCMKTS:ESLOY) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of EssilorLuxottica in a research report on Tuesday, May 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Price Performance

Shares of OTCMKTS ESLOY opened at $95.44 on Tuesday. The stock has a fifty day moving average price of $104.93 and a 200 day moving average price of $129.49. EssilorLuxottica has a 1-year low of $94.28 and a 1-year high of $186.81. 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 Company Profile

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.