Industria de Diseno Textil (OTCMKTS:IDEXY) Stock Rating Upgraded by Citigroup

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

A number of other research firms also recently commented on IDEXY. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS:IDEXY opened at $14.96 on Monday. The business’s 50 day moving average price is $16.23 and its 200-day moving average price is $15.04. Industria de Diseno Textil has a 1 year low of $11.56 and a 1 year high of $17.34. The firm has a market capitalization of $186.50 billion, a PE ratio of 26.02, a P/E/G ratio of 1.70 and a beta of 0.93.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%. The firm had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion. As a group, 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.