Industria de Diseno Textil (OTCMKTS:IDEXY) Cut to Hold at Zacks Research

Industria de Diseno Textil (OTCMKTS:IDEXY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada upgraded Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Price Performance

OTCMKTS:IDEXY opened at $14.93 on Monday. Industria de Diseno Textil has a 12 month low of $11.56 and a 12 month high of $17.34. The firm has a market capitalization of $186.13 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The business’s fifty day moving average price is $16.40 and its 200 day moving average price is $14.96.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.