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

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

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

Industria de Diseno Textil Price Performance

Shares of OTCMKTS IDEXY opened at $16.11 on Wednesday. The business has a 50-day moving average of $15.58 and a two-hundred day moving average of $13.99. The company has a market capitalization of $200.84 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. Industria de Diseno Textil has a 1 year low of $11.56 and a 1 year high of $17.26.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.16). The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.27 billion. Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%. As a group, equities research analysts expect that Industria de Diseno Textil will post 0.99 earnings per share for the current year.

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.