Industria de Diseno Textil (OTCMKTS:IDEXY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Industria de Diseno Textil (OTCMKTS:IDEXY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

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

Industria de Diseno Textil Trading Up 0.9%

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