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adidas AG (NASDAQ:ADDYY) was downgraded by research analysts at Berenberg Bank to a “sell” rating in a report released on Monday.

Shares of adidas AG (NASDAQ:ADDYY) opened at 39.05 on Monday. adidas AG has a 1-year low of $38.63 and a 1-year high of $64.24. The stock has a 50-day moving average of $49.34 and a 200-day moving average of $53.69. The company has a market cap of $16.340 billion and a price-to-earnings ratio of 17.94.

adidas AG (NASDAQ:ADDYY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.99 by $0.32. Analysts expect that adidas AG will post $2.04 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on ADDYY. Analysts at Susquehanna downgraded shares of adidas AG from a “positive” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Raymond James downgraded shares of adidas AG from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, analysts at Deutsche Bank downgraded shares of adidas AG from a “hold” rating to a “sell” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock 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.

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