HENNES & MAURITZ SPON ADR EA REP 0.2 (NASDAQ:HNNMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, MarketBeat.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. “

Shares of HENNES & MAURITZ SPON ADR EA REP 0.2 (NASDAQ:HNNMY) traded down 4.978% during trading on Tuesday, hitting $6.585. The company had a trading volume of 102,703 shares. The stock has a market capitalization of $54.49 billion and a price-to-earnings ratio of 21.619. HENNES & MAURITZ SPON ADR EA REP 0.2 has a 12-month low of $6.34 and a 12-month high of $8.74. The stock has a 50-day moving average of $6.82 and a 200 day moving average of $7.45.

A number of other research firms have also recently issued reports on HNNMY. Societe Generale cut HENNES & MAURITZ SPON ADR EA REP 0.2 from a “hold” rating to a “sell” rating in a research report on Thursday, December 17th. Jefferies Group upgraded HENNES & MAURITZ SPON ADR EA REP 0.2 from a “hold” rating to a “buy” rating in a research report on Friday, December 18th. Deutsche Bank cut HENNES & MAURITZ SPON ADR EA REP 0.2 to a “sell” rating in a research report on Monday, January 4th. Bank of America cut HENNES & MAURITZ SPON ADR EA REP 0.2 from a “buy” rating to an “underperform” rating in a research report on Wednesday, December 2nd. Finally, Citigroup Inc. upgraded HENNES & MAURITZ SPON ADR EA REP 0.2 from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 13th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold”.

12 Month Chart for NASDAQ:HNNMY

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