INDUSTRIA DE DI/ADR (OTCMKTS:IDEXY) Lifted to “Hold” at Zacks Investment Research

INDUSTRIA DE DI/ADR (OTCMKTS:IDEXY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Industria de Diseño Textil, S.A., is a fashion retailer operating worldwide. The company also involves in the business of textile designing, manufacturing, and distribution. It welcomes its shoppers at its various store formats, such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe . It has several stores in several countries. Industria de Diseño Textil, S.A. is headquartered in Arteixo, Spain. “

A number of other research firms have also commented on IDEXY. Morgan Stanley lowered shares of INDUSTRIA DE DI/ADR from an “equal weight” rating to an “underweight” rating in a research report on Monday. Goldman Sachs Group downgraded shares of INDUSTRIA DE DI/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, August 31st. Societe Generale reiterated a “buy” rating on shares of INDUSTRIA DE DI/ADR in a research note on Friday, September 4th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of INDUSTRIA DE DI/ADR in a research note on Thursday, May 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of INDUSTRIA DE DI/ADR in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. INDUSTRIA DE DI/ADR presently has an average rating of “Hold” and a consensus price target of $14.00.

OTCMKTS:IDEXY opened at $15.25 on Tuesday. INDUSTRIA DE DI/ADR has a 52 week low of $10.13 and a 52 week high of $18.00. The firm has a market cap of $95.06 billion, a price-to-earnings ratio of 33.89 and a beta of 1.05. The firm’s 50-day simple moving average is $13.77 and its 200 day simple moving average is $13.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.68.

About INDUSTRIA DE DI/ADR

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. The company operates 7,490 physical stores in 96 markets; and online stores in 156 markets.

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