Industria de Diseno Textil (OTCMKTS:IDEXY) Upgraded at Citigroup

Citigroup upgraded shares of Industria de Diseno Textil (OTCMKTS:IDEXY) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other analysts have also recently issued reports on IDEXY. Zacks Research cut Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research 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 report on Monday, November 24th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Industria de Diseno Textil currently has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

Shares of Industria de Diseno Textil stock opened at $14.70 on Monday. The company has a market capitalization of $183.26 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.72 and a beta of 0.93. The company has a fifty day moving average of $16.19 and a 200 day moving average of $15.04. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 EPS 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 business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.65 billion. Analysts forecast that Industria de Diseno Textil will post 0.99 EPS for the current year.

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.