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LVMH (OTCMKTS:LVMUY) has been downgraded from Buy to Hold in a statement by HSBC earlier today.

Boasting a price of $51.71, LVMH (OTCMKTS:LVMUY) traded 0.31% higher on the day. With the last stock price close up 12.17% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. LVMH has recorded a 50-day average of $52.00 and a two hundred day average of $48.98. Volume of trade was down over the average, with 54,571 shares of LVMUY changing hands under the typical 87,494

HSBC has downgraded LVMH (OTCMKTS:LVMUY) from Buy to Hold in a statement released on 6/21/2017.

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With a total market value of $0, LVMH has price-earnings ratio of 26.39 with a one year low of $33.10 and a one year high of $55.04 .

Brief Synopsis About LVMH (OTCMKTS:LVMUY)

LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world. It produces still and sparkling wines from various wine-growing regions, as well as whiskey. The Fashion & Leather Goods business group includes brands, such as Louis Vuitton, Fendi, Donna Karan, Loewe, Marc Jacobs, Celine and Edun. It focuses on the perfumes, make-up and skincare business, and offers a range of brands, including Christian Dior, Guerlain and Kenzo. The Watches & Jewelry sector operates in two segments: high-quality watchmaking, and jewelry and high jewelry. Its Selective Retailing companies operate in Europe, North America, Asia and the Middle East. Its other activities include Les Echos group, Royal Van Lent and Cheval Blanc.

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