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BofA Merrill downgraded Inditex (OTCMKTS:IDEXY) from Buy to Neutral in a report released today.

Yesterday Inditex (OTCMKTS:IDEXY) traded 0.05% higher at $19.18. The company’s 50-day moving average is $19.58 and its 200-day moving average is $18.99. The last stock close price is up 1.07% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,117 shares of the stock were exchanged, down from an average trading volume of 109,542

BofA Merrill has downgraded Inditex (OTCMKTS:IDEXY) from Buy to Neutral in a report released on 9/13/2017.

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Inditex has a 52 week low of $15.79 and a 52 week high of $20.80 with a P/E ratio of 30.68 The company’s market cap is currently $0.

About Inditex (OTCMKTS:IDEXY)

Industria de Diseño Textil, S.A. 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. It operates 7,292 stores in 93 markets; and online stores in 41 markets. The company also engages in the textile manufacturing, design, real estate, and logistic activities; and provision of financial services. Industria de Diseño Textil, S.A. was founded in 1963 and is based in Arteixo, Spain.

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