Zalando (OTCMKTS:ZLNDY) Rating Increased to Strong-Buy at UBS Group

Zalando (OTCMKTS:ZLNDY) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Citigroup upgraded Zalando to a “strong-buy” rating in a report on Thursday, October 3rd.

Zalando Stock Up 1.2 %

Shares of ZLNDY stock opened at $16.39 on Thursday. The firm’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $14.74. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. Zalando has a 1 year low of $8.75 and a 1 year high of $18.67. The firm has a market capitalization of $8.64 billion, a P/E ratio of 39.02 and a beta of 1.70.

Zalando Company Profile

Zalando SE operates an online platform for fashion and lifestyle products. The company operates through Fashion Store and Offprice segments. It provides shoes, apparel, accessories, and beauty products with free delivery and returns, as well as various payment options. The company also sells its products through Lounge by Zalando; and brick-and-mortar outlet stores.