REMY COINTREAU/ADR (OTCMKTS:REMYY) Rating Lowered to Sell at Zacks Investment Research

REMY COINTREAU/ADR (OTCMKTS:REMYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Remy Cointreau SA is an operator of Wine & Spirits market. The company’s portfolio consists of Rémy Martin and Louis XIII cognacs, the Cointreau liqueur as well as the Metaxa, Mount Gay, St-Rémy, Bruichladdich, Port Charlotte, Octomore and The Botanist spirits. Remy Cointreau SA is headquartered in Cognac, France. “

A number of other equities analysts have also commented on REMYY. JPMorgan Chase & Co. lowered shares of REMY COINTREAU/ADR from a “neutral” rating to an “underweight” rating in a research note on Wednesday, September 25th. Bank of America lowered shares of REMY COINTREAU/ADR from a “buy” rating to an “underperform” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $14.00.

REMY COINTREAU/ADR stock traded down $0.20 during midday trading on Wednesday, reaching $13.75. The stock had a trading volume of 4,129 shares, compared to its average volume of 2,440. The firm’s fifty day simple moving average is $14.33 and its two-hundred day simple moving average is $13.91. REMY COINTREAU/ADR has a twelve month low of $10.55 and a twelve month high of $15.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.53 and a quick ratio of 0.68. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 35.63 and a beta of 0.32.

REMY COINTREAU/ADR Company Profile

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company produces a range of cognacs under the Rémy Martin and Louis XIII brands. It offers liqueurs and spirits primarily under the Cointreau, Metaxa, Mount Gay, St-Rémy, The Botanist, Bruichladdich, Port Charlotte, Octomore, Westland, and Domaine des Hautes Glaces brands.

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