Industria de Diseno Textil (OTCMKTS:IDEXY) Stock Rating Upgraded by Royal Bank Of Canada

Key Points

• Royal Bank Of Canada upgraded Industria de Diseno Textil's stock rating from a "strong sell" to a "hold".
• Berenberg Bank also upgraded the stock to a "strong-buy" rating, contributing to its average rating of "Strong Buy" from analysts.
• Despite reporting earnings of $0.23 per share, which missed expectations, the company generated revenue of $9.45 billion, exceeding analyst forecasts of $8.53 billion.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) was upgraded by equities research analysts at Royal Bank Of Canada from a "strong sell" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Berenberg Bank raised shares of Industria de Diseno Textil to a "strong-buy" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Strong Buy".

Industria de Diseno Textil Price Performance

IDEXY stock opened at $13.40 on Wednesday. The company has a market capitalization of $167.05 billion, a PE ratio of 26.02, a P/E/G ratio of 2.50 and a beta of 1.14. Industria de Diseno Textil has a 12 month low of $11.56 and a 12 month high of $15.06. The firm's 50-day moving average is $12.50 and its 200 day moving average is $20.99.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $9.45 billion during the quarter, compared to analysts' expectations of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. Sell-side analysts forecast that Industria de Diseno Textil will post 0.99 EPS for the current fiscal year.

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.

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