Industria de Diseno Textil (OTCMKTS:IDEXY) Stock Rating Upgraded by Zacks Research

Industria de Diseno Textil (OTCMKTS:IDEXY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. UBS Group upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. Five analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Price Performance

Shares of IDEXY stock traded down $0.27 on Monday, reaching $16.34. 171,173 shares of the stock were exchanged, compared to its average volume of 724,588. Industria de Diseno Textil has a one year low of $11.56 and a one year high of $17.26. The stock has a market cap of $203.70 billion, a PE ratio of 29.98, a P/E/G ratio of 2.14 and a beta of 0.96. The stock has a 50 day moving average price of $15.36 and a 200 day moving average price of $13.88.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.27 billion. On average, research analysts expect that Industria de Diseno Textil will post 0.99 earnings per share for the current fiscal year.

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.