Zalando (OTCMKTS:ZLNDY) Upgraded to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Zalando (OTCMKTS:ZLNDY) from a strong sell rating to a hold rating in a report issued on Friday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Citigroup reiterated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zalando has an average rating of “Hold”.

Zalando Stock Up 7.2%

ZLNDY stock opened at $13.51 on Friday. The business’s 50-day moving average is $13.19 and its two-hundred day moving average is $14.01. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 28.15 and a beta of 1.65. Zalando has a fifty-two week low of $10.84 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.12.

Zalando (OTCMKTS:ZLNDY) last announced its earnings results on Thursday, March 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). Zalando had a net margin of 1.76% and a return on equity of 7.90%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.77 billion. As a group, analysts forecast that Zalando will post 0.5 earnings per share for the current 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.