Inditex (IDEXY) Earns Neutral Rating from Bank of America Corporation

Bank of America Corporation reaffirmed their neutral rating on shares of Inditex (NASDAQ:IDEXY) in a research report report published on Wednesday morning, Marketbeat reports.

A number of other equities analysts have also recently weighed in on IDEXY. Zacks Investment Research cut Inditex from a buy rating to a hold rating in a report on Wednesday, July 26th. Berenberg Bank reiterated a hold rating on shares of Inditex in a report on Thursday, June 15th.

Inditex (NASDAQ:IDEXY) traded up 1.30% during mid-day trading on Wednesday, hitting $19.55. The stock had a trading volume of 28,828 shares. The firm’s 50-day moving average price is $19.55 and its 200 day moving average price is $19.04. The company has a market cap of $121.70 billion and a PE ratio of 31.25. Inditex has a one year low of $15.79 and a one year high of $20.80.

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Inditex Company Profile

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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