Zalando (OTCMKTS:ZLNDY) Raised to Strong-Buy at DZ Bank

Zalando (OTCMKTS:ZLNDY) was upgraded by DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on ZLNDY. Barclays raised shares of Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup reaffirmed a “buy” rating on shares of Zalando in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Zalando has an average rating of “Buy”.

Zalando Trading Up 1.9%

Shares of Zalando stock opened at $14.46 on Wednesday. The company has a 50-day moving average of $14.95 and a two-hundred day moving average of $13.42. Zalando has a 12-month low of $10.84 and a 12-month high of $17.37. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.06 billion, a PE ratio of 65.73 and a beta of 1.50.

Zalando (OTCMKTS:ZLNDY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). Zalando had a net margin of 0.70% and a return on equity of 3.39%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.97 billion. On average, research analysts anticipate that Zalando will post 0.45 EPS for the current fiscal 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.