Inditex (IDEXY) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Inditex (NASDAQ:IDEXY) from a hold rating to a sell rating in a research report report published on Friday 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) traded up 1.52% during midday trading on Friday, hitting $17.69. The company had a trading volume of 3,789 shares. The company has a market cap of $110.16 billion and a price-to-earnings ratio of 32.49. The firm has a 50-day moving average price of $16.55 and a 200-day moving average price of $17.10. Inditex has a 12 month low of $15.50 and a 12 month high of $18.76.

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