Commerzbank Ag upgraded shares of adidas AG (NASDAQ:ADDYY) from a hold rating to a buy rating in a research report sent to investors on Wednesday, The Fly reports.

Separately, Zacks Investment Research cut shares of adidas AG from a hold rating to a sell rating in a research note on Wednesday, January 4th.

adidas AG (NASDAQ:ADDYY) opened at 97.39 on Wednesday. The firm has a 50-day moving average price of $84.18 and a 200 day moving average price of $81.04. adidas AG has a 52 week low of $56.04 and a 52 week high of $98.89. The company has a market cap of $39.18 billion and a P/E ratio of 37.00.

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A number of institutional investors have recently added to or reduced their stakes in ADDYY. Mitchell Capital Management Co. bought a new position in adidas AG during the third quarter valued at approximately $242,000. WCM Investment Management CA bought a new position in adidas AG during the third quarter valued at approximately $74,851,000. World Asset Management Inc boosted its position in adidas AG by 8.1% in the third quarter. World Asset Management Inc now owns 27,985 shares of the company’s stock valued at $2,429,000 after buying an additional 2,089 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new position in adidas AG during the second quarter valued at approximately $249,000.

adidas AG Company Profile

adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.

5 Day Chart for NASDAQ:ADDYY

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