Companhia Brasileira de Distribuicao-ADR (CBD) Given Consensus Rating of “Hold” by Analysts

Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

A number of brokerages recently commented on CBD. Morgan Stanley raised shares of Companhia Brasileira de Distribuicao-ADR from an “underweight” rating to an “equal weight” rating in a research note on Monday, December 12th. Bank of America Corp raised shares of Companhia Brasileira de Distribuicao-ADR from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 15th. Zacks Investment Research cut shares of Companhia Brasileira de Distribuicao-ADR from a “hold” rating to a “strong sell” rating in a research note on Friday, December 16th. Finally, JPMorgan Chase & Co. raised shares of Companhia Brasileira de Distribuicao-ADR to an “overweight” rating in a research note on Wednesday.

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Shares of Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) opened at 19.63 on Thursday. The firm’s 50 day moving average is $18.52 and its 200-day moving average is $17.26. Companhia Brasileira de Distribuicao-ADR has a 12 month low of $11.00 and a 12 month high of $20.10. The firm’s market capitalization is $5.22 billion.

Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new stake in shares of Companhia Brasileira de Distribuicao-ADR during the third quarter worth approximately $412,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Companhia Brasileira de Distribuicao-ADR by 1.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 33,889 shares of the company’s stock worth $555,000 after buying an additional 592 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Companhia Brasileira de Distribuicao-ADR during the third quarter worth approximately $435,000. Global X Management Co. LLC boosted its stake in shares of Companhia Brasileira de Distribuicao-ADR by 38.5% in the third quarter. Global X Management Co. LLC now owns 25,067 shares of the company’s stock worth $411,000 after buying an additional 6,973 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Companhia Brasileira de Distribuicao-ADR by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 1,723,687 shares of the company’s stock worth $28,251,000 after buying an additional 36,114 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Brasileira de Distribuicao-ADR Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

5 Day Chart for NYSE:CBD

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