Zalando (OTCMKTS:ZLNDY) Rating Increased to Strong-Buy at DZ Bank

DZ Bank upgraded shares of Zalando (OTCMKTS:ZLNDY) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts also recently commented on ZLNDY. Barclays upgraded shares of Zalando to a “strong-buy” rating in a report on Wednesday, May 6th. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Zalando Trading Up 1.9%

Shares of ZLNDY stock opened at $14.46 on Wednesday. Zalando has a fifty-two week low of $10.84 and a fifty-two week high of $17.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The stock’s fifty day moving average is $14.95 and its two-hundred day moving average is $13.42. The firm has a market capitalization of $7.06 billion, a P/E ratio of 65.73 and a beta of 1.50.

Zalando (OTCMKTS:ZLNDY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Zalando had a return on equity of 3.39% and a net margin of 0.70%. Research analysts expect that Zalando will post 0.45 earnings per share for the current fiscal year.

About Zalando

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.