H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Cut to “Hold” at Hsbc Global Res

Hsbc Global Res downgraded shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also commented on HNNMY. Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays downgraded shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

H & M Hennes & Mauritz AB (publ) Stock Performance

Shares of OTCMKTS HNNMY opened at $2.85 on Wednesday. The firm’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.90. H & M Hennes & Mauritz AB has a 52-week low of $2.46 and a 52-week high of $3.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.14. The company has a market cap of $20.18 billion, a P/E ratio of 20.36 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. As a group, analysts anticipate that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.