Bank of America Corporation Downgrades Industria de Diseno Textil SA (IDEXY) to Neutral

Industria de Diseno Textil SA (OTC:IDEXY) was downgraded by Bank of America Corporation from a “buy” rating to a “neutral” rating in a research report issued on Wednesday.

Separately, Berenberg Bank lowered Industria de Diseno Textil SA from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th.

Shares of Industria de Diseno Textil SA (IDEXY) opened at 19.30 on Wednesday. The stock has a market capitalization of $120.15 billion, a P/E ratio of 30.86 and a beta of 0.85. Industria de Diseno Textil SA has a 52-week low of $15.79 and a 52-week high of $20.80. The firm’s 50-day moving average price is $19.55 and its 200-day moving average price is $19.01.

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About Industria de Diseno Textil SA

Industria de Diseño Textil, SA engages in the retail and on-line distribution of clothing, footwear, accessories and household textile products through various store formats in Spain, rest of Europe, the Americas, Asia, and internationally. The company’s store formats include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe.

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