EssilorLuxottica (OTCMKTS:ESLOY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of EssilorLuxottica (OTCMKTS:ESLOY) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

EssilorLuxottica Trading Up 0.5%

ESLOY opened at $95.41 on Tuesday. EssilorLuxottica has a 12 month low of $91.44 and a 12 month high of $186.81. The business’s 50-day moving average price is $97.25 and its 200-day moving average price is $111.34. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

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.