Industria de Diseno Textil SA (OTCMKTS:IDEXY) Receives Average Recommendation of “Buy” from Brokerages

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has received an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on the company.

Separately, Barclays upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.

Industria de Diseno Textil Price Performance

Shares of OTCMKTS IDEXY opened at $16.58 on Tuesday. The company has a market capitalization of $206.70 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.67 and a beta of 0.95. The company has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $15.63. Industria de Diseno Textil has a 1 year low of $11.81 and a 1 year high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Industria de Diseno Textil had a return on equity of 33.65% and a net margin of 15.60%.The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $10.11 billion. As a group, research analysts expect that Industria de Diseno Textil will post 0.63 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.