Zalando (OTCMKTS:ZLNDY) Upgraded by DZ Bank to Strong-Buy Rating

Zalando (OTCMKTS:ZLNDY) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

ZLNDY has been the subject of a number of other reports. Barclays upgraded Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup reiterated a “buy” rating on shares of Zalando in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Zalando Price Performance

ZLNDY opened at $14.46 on Wednesday. The firm has a market capitalization of $7.06 billion, a P/E ratio of 65.73 and a beta of 1.50. The stock has a fifty day moving average of $14.95 and a 200-day moving average of $13.42. The company has a quick ratio of 0.58, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. Zalando has a 12-month low of $10.84 and a 12-month high of $17.37.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Zalando had a net margin of 0.70% and a return on equity of 3.39%. Equities analysts forecast that Zalando will post 0.45 EPS for the current fiscal year.

Zalando Company Profile

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.