L’Oréal (OTCMKTS:LRLCY) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. cut shares of L’Oréal (OTCMKTS:LRLCY) from a neutral rating to an underweight rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other analysts have also recently commented on the company. Royal Bank of Canada raised L’Oréal from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, July 3rd. Jefferies Financial Group raised L’Oréal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, BNP Paribas lowered shares of L’Oréal from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

L’Oréal Stock Performance

L’Oréal stock opened at $81.02 on Wednesday. L’Oréal has a 52 week low of $77.11 and a 52 week high of $100.28. The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $85.06 and a 200 day moving average price of $89.62.

About L’Oréal

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.