ASOS PLC/ADR (OTCMKTS:ASOMY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “

Several other brokerages also recently commented on ASOMY. Jefferies Financial Group downgraded ASOS PLC/ADR from a buy rating to an underperform rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. downgraded ASOS PLC/ADR from an overweight rating to a neutral rating in a research report on Sunday, July 21st. UBS Group downgraded ASOS PLC/ADR from a buy rating to a neutral rating in a research report on Tuesday, June 25th. Barclays downgraded ASOS PLC/ADR from an overweight rating to an equal weight rating in a research report on Friday, July 19th. Finally, HSBC downgraded ASOS PLC/ADR from a buy rating to a hold rating in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. ASOS PLC/ADR currently has an average rating of Hold and an average price target of $48.00.

OTCMKTS ASOMY opened at $28.12 on Friday. The business’s fifty day moving average is $30.02 and its 200 day moving average is $39.73. ASOS PLC/ADR has a fifty-two week low of $25.99 and a fifty-two week high of $80.85. The company has a market capitalization of $2.35 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 9.58 and a beta of 2.79.

ASOS PLC/ADR Company Profile

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.

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Analyst Recommendations for ASOS PLC/ADR (OTCMKTS:ASOMY)

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