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

Zalando (OTCMKTS:ZLNDY) was upgraded by equities research analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

A number of other analysts have also recently weighed in on ZLNDY. Citigroup reaffirmed a “buy” rating on shares of Zalando in a research note on Thursday, December 11th. Barclays raised Zalando from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zalando has a consensus rating of “Hold”.

Zalando Stock Performance

OTCMKTS:ZLNDY opened at $13.51 on Friday. Zalando has a twelve month low of $10.84 and a twelve month high of $20.64. 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 stock’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $14.01. The firm has a market capitalization of $7.14 billion, a PE ratio of 28.15 and a beta of 1.65.

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