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adidas AG (NASDAQ:ADDYY) was downgraded by Zacks from a “hold” rating to a “sell” rating in a report released on Friday, Analyst Ratings.Net reports.

Shares of adidas AG (NASDAQ:ADDYY) traded down 0.11% on Friday, hitting $52.88. The stock had a trading volume of 85,337 shares. adidas AG has a 1-year low of $50.46 and a 1-year high of $64.24. The stock’s 50-day moving average is $53.31 and its 200-day moving average is $57.47. The company has a market cap of $22.127 billion and a P/E ratio of 20.30.

adidas AG (NASDAQ:ADDYY) last released its earnings data on Wednesday, May 7th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.99 by $0.32. Analysts expect that adidas AG will post $2.75 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of adidas AG from a “buy” rating to a “neutral” rating in a research note on Thursday, March 6th. Analysts at HSBC downgraded shares of adidas AG from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold”.

adidas AG is a Germany-based holding company for the adidas Group, which is engaged in sports footwear, apparel and accessories.

To view Zacks’ full report, visit Zacks’ official website.

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