LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Upgraded by HSBC to Buy Rating

HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) from a hold rating to a buy rating in a report released on Monday, Marketbeat reports.

Other research analysts also recently issued reports about the company. Citigroup raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a report on Friday, October 11th. Berenberg Bank raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, LVMH Moët Hennessy – Louis Vuitton, Société Européenne currently has a consensus rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Trading Up 2.6 %

Shares of LVMUY stock opened at $127.50 on Monday. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 12 month low of $119.56 and a 12 month high of $191.63. The stock has a 50 day moving average of $133.87 and a two-hundred day moving average of $144.24.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $1.181 dividend. The ex-dividend date is Friday, November 29th.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

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.