Industria de Diseno Textil (OTCMKTS:IDEXY) Stock Rating Lowered by Zacks Research

Industria de Diseno Textil (OTCMKTS:IDEXY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

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

Industria de Diseno Textil Price Performance

Industria de Diseno Textil stock opened at $14.93 on Monday. 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 12 month low of $11.56 and a 12 month high of $17.34. The stock has a market capitalization 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.

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.