UBS Group Upgrades Industria de Diseno Textil (OTCMKTS:IDEXY) to Strong-Buy

Key Points

• Industria de Diseno Textil has been upgraded to a "strong-buy" rating by UBS Group, signaling increased confidence among analysts regarding the stock's performance.
• Currently, four research analysts rate the stock as a Strong Buy, while one maintains a Hold rating, reflecting a favorable outlook for Industria de Diseno Textil.
• The company's shares are trading at $13.42, down 1.4%, with a market cap of $167.30 billion and a PE ratio of 25.56.

UBS Group upgraded shares of Industria de Diseno Textil (OTCMKTS:IDEXY - Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other research firms have also weighed in on IDEXY. Berenberg Bank raised Industria de Diseno Textil to a "strong-buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada raised Industria de Diseno Textil from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Industria de Diseno Textil Stock Performance

Shares of OTCMKTS IDEXY traded down $0.20 during mid-day trading on Wednesday, reaching $13.22. The company had a trading volume of 747,302 shares, compared to its average volume of 848,264. Industria de Diseno Textil has a one year low of $11.56 and a one year high of $15.06. The firm has a market cap of $164.81 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.51 and a beta of 1.14. The business's 50-day simple moving average is $12.60 and its 200 day simple moving average is $20.25.

About Industria de Diseno Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.