EssilorLuxottica (OTCMKTS:ESLOY) Rating Increased to Hold at 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 stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

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

EssilorLuxottica Stock Up 0.9%

Shares of EssilorLuxottica stock traded up $1.45 during midday trading on Wednesday, hitting $156.65. The company had a trading volume of 24,913 shares, compared to its average volume of 42,616. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.65 and a current ratio of 0.95. The company has a 50 day moving average of $149.82 and a 200 day moving average of $144.76. EssilorLuxottica has a 52-week low of $112.95 and a 52-week high of $160.70.

About EssilorLuxottica

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.