EssilorLuxottica (OTCMKTS:ESLOY) Stock Rating Upgraded by Zacks Research

Key Points

• EssilorLuxottica has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a more favorable outlook for the stock.
• Barclays has started coverage on EssilorLuxottica, issuing an "overweight" rating, further contributing to a consensus average rating of "hold" across analysts.
• As of the report, EssilorLuxottica's shares were trading at $156.30, with a fifty-two week range of $112.95 to $160.70.

EssilorLuxottica (OTCMKTS:ESLOY - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday, September 10th,Zacks.com reports.

Separately, Barclays began coverage on EssilorLuxottica in a report on Tuesday, September 9th. They issued an "overweight" rating for the company. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold".

EssilorLuxottica Stock Performance

EssilorLuxottica stock traded down $0.53 during mid-day trading on Wednesday, hitting $160.37. The company had a trading volume of 17,919 shares, compared to its average volume of 42,354. EssilorLuxottica has a 12-month low of $112.95 and a 12-month high of $161.81. The company's fifty day moving average is $150.49 and its 200-day moving average is $144.93. The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17.

EssilorLuxottica Company Profile

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.