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LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Upgraded by Hsbc Global Res to "Strong-Buy" Rating

LVMH-Moet Hennessy Louis Vuitton logo with Consumer Discretionary background

Key Points

  • Hsbc Global Res upgraded LVMH-Moet Hennessy Louis Vuitton from a "hold" rating to a "strong-buy" rating, indicating a positive outlook for the company's stock.
  • The stock price of LVMH has increased by 2.2% following the rating upgrade.
  • LVMH operates a diverse portfolio encompassing luxury wines, spirits, fashion, and leather goods, positioning it favorably in the market.
  • Five stocks to consider instead of LVMH-Moet Hennessy Louis Vuitton.

LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY - Get Free Report) was upgraded by research analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

LVMH-Moet Hennessy Louis Vuitton Stock Down 0.4%

LVMH-Moet Hennessy Louis Vuitton stock traded down $0.45 during mid-day trading on Tuesday, hitting $116.13. 135,985 shares of the company's stock were exchanged, compared to its average volume of 285,666. The company's 50 day simple moving average is $112.36 and its 200-day simple moving average is $116.45. LVMH-Moet Hennessy Louis Vuitton has a fifty-two week low of $101.80 and a fifty-two week high of $159.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 1.41.

LVMH-Moet Hennessy Louis Vuitton Company Profile

(Get Free Report)

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.

Further Reading

Analyst Recommendations for LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY)

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