Zacks Investment Research Upgrades HENNES & MAURIT/ADR (OTCMKTS:HNNMY) to “Hold”

Zacks Investment Research upgraded shares of HENNES & MAURIT/ADR (OTCMKTS:HNNMY) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of HENNES & MAURIT/ADR from a hold rating to a sell rating in a research note on Thursday, August 1st. Royal Bank of Canada upgraded shares of HENNES & MAURIT/ADR from a sector perform rating to an outperform rating in a research note on Wednesday, August 28th.

Shares of HENNES & MAURIT/ADR stock traded down $0.05 on Wednesday, reaching $4.22. 16,582 shares of the stock were exchanged, compared to its average volume of 86,133. HENNES & MAURIT/ADR has a 1-year low of $2.70 and a 1-year high of $4.27. The business has a fifty day moving average price of $3.94 and a two-hundred day moving average price of $3.53. The firm has a market capitalization of $35.17 billion, a PE ratio of 23.72, a PEG ratio of -4.83 and a beta of 1.08.

HENNES & MAURIT/ADR Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies worldwide. It offers sportswear, underwear, shoes, bags, beauty products, stationery, ready-to-wear, jeans, home textiles, and homeware; and interior products for living rooms, kitchens, bedrooms, bathrooms, and kids' rooms.

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