Zacks Investment Research Downgrades Hennes & Mauritz AB (OTCMKTS:HNNMY) to Sell

Hennes & Mauritz AB (OTCMKTS:HNNMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, November 6th.

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. “

Separately, Goldman Sachs Group Inc restated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 8th.

Shares of Hennes & Mauritz (OTCMKTS HNNMY) traded down $0.04 during trading on Monday, hitting $4.51. The company had a trading volume of 84,634 shares, compared to its average volume of 81,106. Hennes & Mauritz has a 1 year low of $4.49 and a 1 year high of $6.02. The firm has a market cap of $33,230.29, a P/E ratio of 18.20, a P/E/G ratio of 1.92 and a beta of 1.07.

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Hennes & Mauritz Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and childrenÂ’s room.

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