Inditex (IDEXY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Inditex (NASDAQ:IDEXY) from a buy rating to a hold rating in a research report report published on Monday 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 0.19% during mid-day trading on Monday, hitting $20.69. 52,059 shares of the stock were exchanged. The stock has a market cap of $128.82 billion and a PE ratio of 36.72. Inditex has a 52-week low of $15.50 and a 52-week high of $20.80. The stock’s 50 day moving average is $19.65 and its 200 day moving average is $17.57.

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