H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Rating Lowered by Redburn Atlantic

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) was downgraded by equities research analysts at Redburn Atlantic from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other research analysts also recently issued reports on the stock. HSBC upgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a report on Friday, July 5th. Deutsche Bank Aktiengesellschaft upgraded shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a report on Wednesday, July 3rd. Finally, Barclays upgraded H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

OTCMKTS HNNMY traded up $0.01 during trading on Thursday, reaching $2.91. 7,969 shares of the company’s stock were exchanged, compared to its average volume of 36,910. The business has a 50 day moving average price of $3.22 and a 200-day moving average price of $3.22. The stock has a market capitalization of $20.60 billion, a P/E ratio of 24.25 and a beta of 1.44. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. H & M Hennes & Mauritz AB has a fifty-two week low of $2.54 and a fifty-two week high of $3.69.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. Sell-side analysts forecast that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.