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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has received a consensus rating of “Strong Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating and five have assigned a strong buy rating to the company.

Several analysts recently issued reports on the company. UBS Group upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Zacks Research raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Royal Bank Of Canada upgraded Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th.

Industria de Diseno Textil Stock Performance

IDEXY opened at $16.61 on Wednesday. Industria de Diseno Textil has a 1 year low of $11.56 and a 1 year high of $17.26. The firm has a 50 day moving average price of $15.36 and a 200 day moving average price of $13.88. The company has a market cap of $207.07 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The business had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.27 billion. On average, sell-side analysts predict that Industria de Diseno Textil will post 0.99 earnings per share for the current year.

About Industria de Diseno Textil

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.