Zacks Research Downgrades Industria de Diseno Textil (OTCMKTS:IDEXY) to Hold

Industria de Diseno Textil (OTCMKTS:IDEXY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued 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 report on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.9%

IDEXY stock opened at $14.93 on Monday. The company has a market cap of $186.13 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The business has a 50-day simple moving average of $16.40 and a 200 day simple moving average of $14.96. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $17.34.

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.