Industria de Diseno Textil (OTCMKTS:IDEXY) Cut to Hold at Zacks Research

Zacks Research cut shares of Industria de Diseno Textil (OTCMKTS:IDEXY) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

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

Industria de Diseno Textil Price Performance

Shares of Industria de Diseno Textil stock opened at $15.21 on Monday. The stock’s 50 day simple moving average is $16.37 and its 200-day simple moving average is $14.96. The stock has a market cap of $189.62 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.83 and a beta of 0.93. Industria de Diseno Textil has a 1-year low of $11.56 and a 1-year high of $17.34.

Industria de Diseno Textil Company Profile

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.