Industria de Diseno Textil SA (OTCMKTS:IDEXY) Receives Consensus Rating of “Strong Buy” from Analysts

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has been assigned an average rating of “Strong Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company.

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

Industria de Diseno Textil Trading Down 1.7%

Shares of IDEXY stock opened at $14.79 on Thursday. Industria de Diseno Textil has a 12-month low of $11.56 and a 12-month high of $17.34. The stock has a market capitalization of $184.38 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.77 and a beta of 0.92. The firm’s 50 day moving average is $16.43 and its 200 day moving average is $14.95.

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.