Industria de Diseño Textil (OTCMKTS:IDEXY) Upgraded to Buy by Bank of America

Bank of America upgraded shares of Industria de Diseño Textil (OTCMKTS:IDEXY) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein began coverage on Industria de Diseño Textil in a report on Thursday, June 15th. They issued an outperform rating for the company. BNP Paribas lowered Industria de Diseño Textil from an outperform rating to a neutral rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Industria de Diseño Textil presently has an average rating of Hold and a consensus target price of $22.25.

Industria de Diseño Textil Stock Performance

Shares of OTCMKTS:IDEXY opened at $18.89 on Tuesday. Industria de Diseño Textil has a 1 year low of $9.97 and a 1 year high of $19.81. The business has a 50 day simple moving average of $18.82 and a two-hundred day simple moving average of $17.54.

Industria de Diseño Textil (OTCMKTS:IDEXY) last announced its quarterly earnings results on Wednesday, June 7th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $8.22 billion during the quarter. As a group, equities research analysts predict that Industria de Diseño Textil will post 0.89 EPS for the current fiscal year.

About Industria de Diseño Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various retail concepts. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands.