EssilorLuxottica (OTCMKTS:ESLOY) Cut to Strong Sell at Kepler Capital Markets

EssilorLuxottica (OTCMKTS:ESLOY) was downgraded by equities researchers at Kepler Capital Markets from a “strong-buy” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Other analysts also recently issued reports about the company. Zacks Research raised EssilorLuxottica from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. The Goldman Sachs Group downgraded EssilorLuxottica from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

EssilorLuxottica Trading Down 2.7%

Shares of ESLOY stock opened at $80.86 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $92.95 and a 200 day moving average price of $102.71. EssilorLuxottica has a 12 month low of $80.73 and a 12 month high of $186.81.

About EssilorLuxottica

EssilorLuxottica is a global company focused on the design, manufacture and distribution of ophthalmic lenses, eyewear and related optical products. Its business serves consumers, eye-care professionals, optical retailers and other distribution partners through operations spanning the lens, frames, sunglasses and retail segments.

The company’s lens portfolio includes products such as Varilux progressive lenses, Crizal lens coatings, Eyezen lenses and Transitions light-adaptive lenses. Its eyewear brands include Ray-Ban, Oakley, Persol, Oliver Peoples, Costa and Vogue Eyewear.