Zalando (OTCMKTS:ZLNDY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Zalando (OTCMKTS:ZLNDY) have received an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company.

Several brokerages have recently weighed in on ZLNDY. Barclays raised shares of Zalando from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein raised shares of Zalando from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th.

Zalando Price Performance

ZLNDY stock opened at $13.01 on Wednesday. The stock has a 50-day moving average price of $12.34 and a two-hundred day moving average price of $13.64. Zalando has a 1 year low of $10.84 and a 1 year high of $20.64. The stock has a market cap of $6.87 billion, a PE ratio of 27.10 and a beta of 1.61. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly 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). The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.77 billion. Zalando had a net margin of 1.76% and a return on equity of 7.85%. Equities analysts forecast that Zalando will post 0.5 EPS for the current fiscal year.

Zalando Company Profile

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.