REMY COINTREAU/ADR (OTCMKTS:REMYY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of REMY COINTREAU/ADR (OTCMKTS:REMYY) from a sell rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

According to Zacks, “Remy Cointreau SA is an operator of Wine & Spirits market. The company’s portfolio consists of Rémy Martin and Louis XIII cognacs, the Cointreau liqueur as well as the Metaxa, Mount Gay, St-Rémy, Bruichladdich, Port Charlotte, Octomore and The Botanist spirits. Remy Cointreau SA is headquartered in Cognac, France. “

REMYY has been the subject of a number of other research reports. Berenberg Bank downgraded REMY COINTREAU/ADR from a buy rating to a hold rating in a research report on Tuesday, October 15th. Bank of America downgraded REMY COINTREAU/ADR from a buy rating to an underperform rating in a research report on Monday, July 22nd. ValuEngine downgraded REMY COINTREAU/ADR from a hold rating to a sell rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. downgraded REMY COINTREAU/ADR from a neutral rating to an underweight rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $14.00.

Shares of OTCMKTS REMYY opened at $12.87 on Tuesday. REMY COINTREAU/ADR has a 52 week low of $10.55 and a 52 week high of $15.67. The business has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $13.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.68 and a current ratio of 2.53.

The firm also recently declared an annual dividend, which was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 11th were given a dividend of $0.207 per share. This represents a dividend yield of 1.43%. The ex-dividend date was Tuesday, September 10th. This is an increase from REMY COINTREAU/ADR’s previous annual dividend of $0.14. REMY COINTREAU/ADR’s dividend payout ratio (DPR) is 53.85%.

About REMY COINTREAU/ADR

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. It operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. The company produces a range of cognacs under the Rémy Martin and Louis XIII brands. It offers liqueurs and spirits primarily under the Cointreau, Metaxa, Mount Gay, St-Rémy, The Botanist, Bruichladdich, Port Charlotte, Octomore, Westland, and Domaine des Hautes Glaces brands.

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