Industria de Diseno Textil (OTCMKTS:IDEXY) Upgraded by Royal Bank Of Canada to “Hold” Rating

Royal Bank Of Canada upgraded shares of Industria de Diseno Textil (OTCMKTS:IDEXY) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Berenberg Bank upgraded Industria de Diseno Textil to a “strong-buy” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Industria de Diseno Textil presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Trading Up 7.1%

Shares of IDEXY stock opened at $13.40 on Wednesday. Industria de Diseno Textil has a twelve month low of $11.56 and a twelve month high of $15.06. The company’s 50-day moving average price is $12.50 and its 200-day moving average price is $20.99. The stock has a market cap of $167.05 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.50 and a beta of 1.14.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $9.45 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. As a group, equities research analysts predict that Industria de Diseno Textil will post 0.99 EPS for the current year.

About Industria de Diseno Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.