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

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) have received an average recommendation of “Strong Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating and five have given a strong buy rating to the company.

Several equities research analysts have recently issued reports on IDEXY shares. Zacks Research upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th.

Industria de Diseno Textil Stock Up 1.6%

OTCMKTS:IDEXY opened at $16.94 on Friday. The business’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $14.33. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $17.26. The stock has a market cap of $211.15 billion, a PE ratio of 31.08, a P/E/G ratio of 2.00 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $11.27 billion. Sell-side analysts anticipate that Industria de Diseno Textil will post 0.99 earnings per share for the current fiscal 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.