adidas AG (OTCMKTS:ADDYY) Given Consensus Rating of “Moderate Buy” by Brokerages

adidas AG (OTCMKTS:ADDYY) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Separately, Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th.

adidas Trading Up 0.3 %

Shares of OTCMKTS ADDYY opened at $120.99 on Friday. The firm’s 50 day moving average price is $128.67 and its 200-day moving average price is $124.42. adidas has a 52-week low of $103.71 and a 52-week high of $137.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The company has a market cap of $43.21 billion, a PE ratio of 93.07 and a beta of 1.18.

Institutional Trading of adidas

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after purchasing an additional 105 shares during the last quarter. Madison Investment Advisors LLC bought a new position in shares of adidas during the 4th quarter valued at $2,437,000. Finally, Mar Vista Investment Partners LLC lifted its holdings in shares of adidas by 2.6% during the 4th quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock valued at $3,556,000 after buying an additional 731 shares during the period.

adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.