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

Industria de Diseno Textil (OTCMKTS:IDEXY) was upgraded by investment analysts at Citigroup to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of 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 upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

Shares of IDEXY stock opened at $14.96 on Monday. Industria de Diseno Textil has a 1 year low of $11.56 and a 1 year high of $17.34. The business’s fifty day moving average is $16.23 and its 200-day moving average is $15.04. The stock has a market cap of $186.50 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. Equities research analysts predict that Industria de Diseno Textil will post 0.99 earnings per share 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.