Grupo Santander Downgrades Zalando (OTCMKTS:ZLNDY) to Underweight

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Zalando (OTCMKTS:ZLNDY) was downgraded by investment analysts at Grupo Santander from a “hold” rating to an “underweight” rating in a report issued on Tuesday, The Fly reports.

A number of other research analysts have also recently weighed in on ZLNDY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Zalando in a research report on Tuesday, January 19th. Barclays reaffirmed an “overweight” rating on shares of Zalando in a report on Friday, January 29th. Zacks Investment Research raised shares of Zalando from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating on shares of Zalando in a research note on Thursday, January 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Zalando in a report on Thursday, November 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Zalando has an average rating of “Buy” and a consensus price target of $66.00.

OTCMKTS ZLNDY traded down $3.68 on Tuesday, hitting $55.16. 6,995 shares of the company traded hands, compared to its average volume of 5,876. The business’s 50 day moving average price is $58.91 and its 200-day moving average price is $50.16. Zalando has a 52-week low of $15.64 and a 52-week high of $62.33. The company has a current ratio of 1.63, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 250.74 and a beta of 1.66.

Zalando Company Profile

Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children, as well as free delivery and returns services. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, and Stuttgart.

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Analyst Recommendations for Zalando (OTCMKTS:ZLNDY)

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