adidas AG (OTCMKTS:ADDYY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of adidas AG (OTCMKTS:ADDYY) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

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

Institutional Investors Weigh In On adidas

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of adidas by 13.3% in the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after buying an additional 105 shares in the last quarter. Mar Vista Investment Partners LLC raised its position in shares of adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after buying an additional 731 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of adidas in the fourth quarter worth $2,437,000.

adidas Price Performance

Shares of OTCMKTS ADDYY opened at $129.43 on Tuesday. adidas has a 1-year low of $99.34 and a 1-year high of $137.73. The stock has a fifty day simple moving average of $128.52 and a two-hundred day simple moving average of $124.42. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The firm has a market cap of $46.22 billion, a price-to-earnings ratio of 99.56 and a beta of 1.19.

About adidas

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.