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Luxottica Group S.p.A. (NYSE:LUX) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.

Luxottica Group S.p.A. (NYSE:LUX) opened at 52.98 on Tuesday. Luxottica Group S.p.A. has a one year low of $48.59 and a one year high of $59.17. The stock’s 50-day moving average is $54.15 and its 200-day moving average is $55.54. The company has a market cap of $25.265 billion and a price-to-earnings ratio of 33.66.

Luxottica Group S.p.A. (NYSE:LUX) last released its 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 $1.90 earnings per share for the current fiscal year.

Separately, analysts at Goldman Sachs upgraded shares of Luxottica Group S.p.A. from a “sell” rating to a “neutral” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.00.

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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