HENNES & MAURIT/ADR (OTCMKTS:HNNMY) Upgraded at Zacks Investment Research

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HENNES & MAURIT/ADR (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, 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. “

A number of other brokerages also recently weighed in on HNNMY. Royal Bank of Canada raised HENNES & MAURIT/ADR from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 28th. ValuEngine downgraded HENNES & MAURIT/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Shares of HNNMY stock opened at $4.25 on Wednesday. The stock’s 50 day simple moving average is $3.93 and its 200 day simple moving average is $3.53. HENNES & MAURIT/ADR has a twelve month low of $2.70 and a twelve month high of $4.27. The company has a market capitalization of $35.17 billion, a price-to-earnings ratio of 23.61, a PEG ratio of -4.83 and a beta of 1.08.

About HENNES & MAURIT/ADR

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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