Industria de Diseno Textil (OTCMKTS:IDEXY) Upgraded to “Strong-Buy” at Citigroup

Industria de Diseno Textil (OTCMKTS:IDEXY) was upgraded by stock analysts at Citigroup to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

IDEXY has been the subject of a number of other reports. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four 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. According to MarketBeat.com, Industria de Diseno Textil presently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.9%

Industria de Diseno Textil stock opened at $14.96 on Monday. Industria de Diseno Textil has a 52-week low of $11.56 and a 52-week high of $17.34. The firm has a market capitalization of $186.50 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.70 and a beta of 0.93. The firm has a 50-day moving average price of $16.23 and a two-hundred day moving average price of $15.04.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%. Research analysts expect that Industria de Diseno Textil will post 0.99 earnings per share for the current year.

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.