Zalando (OTCMKTS:ZLNDY) Downgraded by DZ Bank to Hold

DZ Bank lowered shares of Zalando (OTCMKTS:ZLNDY) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.

ZLNDY has been the topic of a number of other reports. Barclays raised shares of Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup reaffirmed a “buy” rating on shares of Zalando in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein raised shares of Zalando from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Zalando Trading Down 6.5%

ZLNDY opened at $14.11 on Friday. The business has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $13.20. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 54.27 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.58. Zalando has a one year low of $10.84 and a one year high of $17.15.

Zalando (OTCMKTS:ZLNDY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. Zalando had a return on equity of 4.15% and a net margin of 0.89%. Analysts predict that Zalando will post 0.47 EPS for the current year.

Zalando Company Profile

Zalando SE is a leading European online fashion and lifestyle platform, headquartered in Berlin, Germany. Established in 2008 by Robert Gentz and David Schneider, the company has built a marketplace that connects consumers with a broad selection of apparel, footwear, accessories and beauty products. Trading on the OTC Markets under the symbol ZLNDY, Zalando caters to style-conscious shoppers seeking both well-known international brands and emerging designers through its digital storefront.

Since its inception, Zalando has pursued rapid expansion across Europe, launching operations in key markets including Germany, France, Italy, the United Kingdom and the Nordics.