Zalando (OTCMKTS:ZLNDY) Raised to Hold at Sanford C. Bernstein

Zalando (OTCMKTS:ZLNDY) was upgraded by stock analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

ZLNDY has been the subject of several other reports. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Citigroup restated a “buy” rating on shares of Zalando in a research report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Zalando has a consensus rating of “Hold”.

Zalando Stock Performance

Shares of ZLNDY stock opened at $13.51 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $13.19 and a two-hundred day moving average of $14.01. The company has a market cap of $7.14 billion, a P/E ratio of 28.15 and a beta of 1.65. Zalando has a 52 week low of $10.84 and a 52 week high of $20.64.

Zalando (OTCMKTS:ZLNDY) last announced its earnings results on Thursday, March 12th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.16). Zalando had a net margin of 1.76% and a return on equity of 7.90%. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.77 billion. As a group, analysts anticipate that Zalando will post 0.5 EPS for the current 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.