Zalando (OTCMKTS:ZLNDY) Upgraded to Hold at Zacks Investment Research

Zalando (OTCMKTS:ZLNDY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Zalando SE is an online fashion retailer. The Company offers clothing, sports products, shoes, bags and other accessories for men, women and children. Zalando SE is headquartered in Berlin, Germany. “

Several other brokerages have also issued reports on ZLNDY. Morgan Stanley decreased their price target on shares of Zalando from €92.00 ($98.92) to €56.00 ($60.22) and set an “equal weight” rating for the company in a research note on Friday, March 11th. UBS Group dropped their price objective on shares of Zalando from €101.00 ($108.60) to €96.50 ($103.76) in a report on Tuesday, January 25th. JPMorgan Chase & Co. lowered their price target on shares of Zalando from €101.00 ($108.60) to €90.00 ($96.77) in a report on Thursday, March 3rd. Finally, Bryan, Garnier & Co downgraded shares of Zalando to a “neutral” rating in a report on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $70.88.

Shares of OTCMKTS:ZLNDY opened at $23.54 on Thursday. The company’s fifty day moving average price is $27.88 and its 200-day moving average price is $37.14. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 36.78 and a beta of 1.41. Zalando has a one year low of $22.77 and a one year high of $62.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 1.01.

About Zalando (Get Rating)

Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.

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