Zacks Research Downgrades Fast Retailing (OTCMKTS:FRCOY) to Hold

Fast Retailing (OTCMKTS:FRCOY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on FRCOY. Sanford C. Bernstein initiated coverage on shares of Fast Retailing in a report on Tuesday, May 26th. They issued an “outperform” rating for the company. Nomura raised shares of Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Fast Retailing Stock Up 0.0%

OTCMKTS:FRCOY opened at $50.56 on Tuesday. The stock’s 50-day simple moving average is $48.17 and its 200 day simple moving average is $42.83. Fast Retailing has a twelve month low of $29.25 and a twelve month high of $53.15.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.