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Luxottica Group S.p.A. (NYSE:LUX) was upgraded by Goldman Sachs from a “sell” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Luxottica Group S.p.A. (NYSE:LUX) opened at 53.60 on Thursday. Luxottica Group S.p.A. has a 52 week low of $48.59 and a 52 week high of $59.17. The stock’s 50-day moving average is $55.70 and its 200-day moving average is $55.56. The company has a market cap of $25.561 billion and a P/E ratio of 33.37.

Luxottica Group S.p.A. (NYSE:LUX) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.01. On average, analysts predict that Luxottica Group S.p.A. will post $1.92 earnings per share for the current fiscal year.

Luxottica Group S.p.A. is an Italy-based company engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid-and premium-price categories.

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