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Zacks Investment Research downgraded Luxottica Group SpA (ADR) (NYSE:LUX) to Strong Sell in a report released today.

Yesterday Luxottica Group SpA (ADR) (NYSE:LUX) traded 1.08% higher at $45.01. The company’s 50-day moving average is $47.73 and its 200-day moving average is $50.84. The last stock close price is down -9.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 50,816 shares of the stock were exchanged, down from an average trading volume of 52,325

Zacks Investment Research has downgraded Luxottica Group SpA (ADR) (NYSE:LUX) to Strong Sell in a report released on 10/12/2016.

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Luxottica Group SpA (ADR) (NYSE:LUX)

Luxottica Group SpA (ADR) has a 52 week low of $44.85 and a 52 week high of $72.55 with a P/E ratio of 25.60 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $54.50 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Luxottica Group SpA (ADR) (NYSE:LUX)

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. The Company operates its retail segment principally through its retail brands, which include LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, GMO, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow, and its retail licensed brands, Sears Optical and Target Optical. The Company's wholesale distribution network covers over 150 countries across five continents and has approximately 50 commercial subsidiaries.

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