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 note issued to investors on Thursday morning,Zacks.com reports.

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

Zalando Price Performance

Shares of ZLNDY opened at $16.39 on Thursday. Zalando has a 1-year low of $8.75 and a 1-year high of $18.67. The stock has a market cap of $8.64 billion, a PE ratio of 39.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a fifty day moving average price of $16.23 and a 200 day moving average price of $14.76.

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.