Inditex (IDEXY) Raised to Hold at Zacks Investment Research

Inditex (IDEXY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Inditex (NASDAQ:IDEXY) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Industria de Diseño Textil, S.A., is a fashion retailer operating worldwide. The company also involves in the business of textile designing, manufacturing, and distribution. It welcomes its shoppers at its various store formats, such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe . It has several stores in several countries. Industria de Diseño Textil, S.A. is headquartered in Arteixo, Spain. “

Inditex (NASDAQ:IDEXY) opened at 17.43 on Thursday. The firm’s 50-day moving average is $16.43 and its 200-day moving average is $17.12. The company has a market cap of $108.56 billion and a price-to-earnings ratio of 33.65. Inditex has a 12 month low of $15.50 and a 12 month high of $18.76.

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