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

Zalando (OTCMKTS:ZLNDY) was upgraded by stock analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other analysts have also recently weighed in on ZLNDY. Citigroup reissued a “buy” rating on shares of Zalando in a report on Thursday, December 11th. Barclays upgraded Zalando from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zalando currently has an average rating of “Hold”.

Zalando Trading Up 7.2%

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

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