LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Upgraded at DZ Bank

DZ Bank upgraded shares of LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on LVMUY. Morgan Stanley upgraded LVMH-Moet Hennessy Louis Vuitton from an “equal weight” rating to an “overweight” rating in a report on Monday, October 6th. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft raised shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. UBS Group upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Berenberg Bank lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 1.0%

Shares of LVMUY opened at $129.28 on Thursday. LVMH-Moet Hennessy Louis Vuitton has a fifty-two week low of $101.80 and a fifty-two week high of $152.95. The company’s fifty day moving average is $145.40 and its two-hundred day moving average is $131.76. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19.

LVMH-Moet Hennessy Louis Vuitton Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd were paid a $0.9983 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 165.0%.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.