Zalando (OTCMKTS:ZLNDY) Upgraded by DZ Bank to Strong-Buy Rating

Zalando (OTCMKTS:ZLNDY) was upgraded by DZ Bank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

ZLNDY has been the subject of several other research reports. Citigroup reaffirmed a “buy” rating on shares of Zalando in a research note on Thursday, May 14th. Barclays raised shares of Zalando to a “strong-buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Zalando presently has an average rating of “Buy”.

Zalando Price Performance

Shares of ZLNDY opened at $14.46 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 1.09. The firm has a market cap of $7.06 billion, a PE ratio of 65.73 and a beta of 1.50. The firm’s 50 day moving average price is $14.95 and its 200 day moving average price is $13.42. Zalando has a twelve month low of $10.84 and a twelve month high of $17.37.

Zalando (OTCMKTS:ZLNDY) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). Zalando had a return on equity of 3.39% and a net margin of 0.70%.The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.97 billion. As a group, research analysts expect that Zalando will post 0.45 EPS for the current fiscal 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.