UBS Group Upgrades Zalando (OTCMKTS:ZLNDY) to “Strong-Buy”

UBS Group upgraded shares of Zalando (OTCMKTS:ZLNDY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

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

Zalando Price Performance

Shares of ZLNDY opened at $16.39 on Thursday. The firm has a market cap of $8.64 billion, a PE ratio of 39.02 and a beta of 1.70. Zalando has a 1-year low of $8.75 and a 1-year high of $18.67. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $16.23 and a two-hundred day simple moving average of $14.74.

About Zalando

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.