Grupo Santander Lowers ASOS (OTCMKTS:ASOMY) to Underweight


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ASOS (OTCMKTS:ASOMY) was downgraded by Grupo Santander from a “hold” rating to an “underweight” rating in a research note issued to investors on Tuesday, The Fly reports.

ASOMY has been the topic of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of ASOS in a report on Monday. Berenberg Bank reaffirmed a “buy” rating on shares of ASOS in a research note on Wednesday, February 3rd. Bank of America upgraded shares of ASOS from an “underperform” rating to a “buy” rating in a report on Tuesday, February 9th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of ASOS in a report on Tuesday, February 2nd. Finally, Zacks Investment Research raised ASOS from a “sell” rating to a “buy” rating and set a $74.00 target price for the company in a report on Tuesday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $74.00.

ASOS stock traded up $0.98 during midday trading on Tuesday, reaching $81.50. The company’s stock had a trading volume of 856 shares, compared to its average volume of 1,769. The company has a current ratio of 1.19, a quick ratio of 0.57 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.14 billion, a PE ratio of 50.31 and a beta of 3.70. ASOS has a 52 week low of $12.50 and a 52 week high of $81.65. The business has a 50-day moving average price of $69.32 and a 200-day moving average price of $64.19.

ASOS Company Profile

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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Analyst Recommendations for ASOS (OTCMKTS:ASOMY)

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