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L'Oréal (OTCMKTS:LRLCY) Shares Cross Above 50-Day Moving Average - What's Next?

L'Oréal logo with Consumer Staples background

Shares of L'Oréal S.A. (OTCMKTS:LRLCY - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $75.50 and traded as high as $82.46. L'Oréal shares last traded at $80.80, with a volume of 262,693 shares.

Analysts Set New Price Targets

Several research firms have commented on LRLCY. Argus raised shares of L'Oréal to a "strong-buy" rating in a research note on Thursday, February 13th. Berenberg Bank downgraded shares of L'Oréal from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada raised shares of L'Oréal from a "sector perform" rating to an "outperform" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Read Our Latest Analysis on L'Oréal

L'Oréal Trading Up 2.8 %

The firm's fifty day moving average is $76.16 and its two-hundred day moving average is $73.99. The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

About L'Oréal

(Get Free Report)

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.

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