Inditex (IDEXY) Rating Lowered to Hold at Zacks Investment Research

Inditex (NASDAQ:IDEXY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Separately, Berenberg Bank reiterated a “hold” rating on shares of Inditex in a research note on Thursday.

Shares of Inditex (NASDAQ:IDEXY) traded up 1.59% during trading on Friday, reaching $19.79. The company’s stock had a trading volume of 284,879 shares. The stock has a market capitalization of $123.21 billion and a PE ratio of 35.09. The firm’s 50-day moving average is $20.05 and its 200-day moving average is $17.77. Inditex has a 12-month low of $15.50 and a 12-month high of $20.80.

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