Adidas AG (ADDYY) Lowered to Hold at Deutsche Bank AG

Deutsche Bank AG downgraded shares of Adidas AG (OTCMKTS:ADDYY) from a buy rating to a hold rating in a research note issued to investors on Monday, August 7th. They currently have $210.00 target price on the stock.

A number of other brokerages have also weighed in on ADDYY. Raymond James Financial, Inc. raised shares of Adidas AG from an underperform rating to a market perform rating in a research note on Thursday, July 6th. HSBC Holdings plc raised shares of Adidas AG from a hold rating to a buy rating in a research note on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $128.33.

Shares of Adidas AG (OTCMKTS:ADDYY) traded down 0.54% during midday trading on Monday, hitting $111.37. The stock had a trading volume of 24,947 shares. The firm has a 50 day moving average price of $107.56 and a 200-day moving average price of $96.49. Adidas AG has a 52-week low of $70.61 and a 52-week high of $118.72.

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A number of hedge funds have recently added to or reduced their stakes in ADDYY. Quadrant Capital Group LLC increased its stake in Adidas AG by 3.1% in the second quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock worth $144,000 after buying an additional 54 shares during the last quarter. Cim Investment Mangement Inc. acquired a new stake in Adidas AG during the first quarter worth approximately $215,000. Mitchell Capital Management Co. increased its stake in Adidas AG by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 2,828 shares of the company’s stock worth $269,000 after buying an additional 40 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Adidas AG during the second quarter worth approximately $332,000. Finally, Hartwell J M Limited Partnership purchased a new stake in shares of Adidas AG during the first quarter worth about $409,000. Institutional investors own 0.10% of the company’s stock.

About Adidas AG

Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; CCM Hockey; Runtastic and Other centrally managed business.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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