Ceconomy (CEC1) Receives “Sell” Rating from Commerzbank

Ceconomy (ETR:CEC1)‘s stock had its “sell” rating reiterated by research analysts at Commerzbank in a note issued to investors on Tuesday.

CEC1 has been the subject of a number of other reports. Baader Bank set a €9.00 ($10.47) target price on Ceconomy and gave the stock a “buy” rating in a report on Tuesday, September 25th. equinet set a €8.00 ($9.30) target price on Ceconomy and gave the stock a “neutral” rating in a report on Wednesday, September 19th. Independent Research set a €7.00 ($8.14) target price on Ceconomy and gave the stock a “neutral” rating in a report on Wednesday, August 15th. JPMorgan Chase & Co. set a €9.00 ($10.47) target price on Ceconomy and gave the stock a “neutral” rating in a report on Friday. Finally, Warburg Research set a €7.40 ($8.60) target price on Ceconomy and gave the stock a “neutral” rating in a report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Ceconomy currently has an average rating of “Hold” and a consensus target price of €7.59 ($8.83).

Ceconomy stock opened at €6.00 ($6.98) on Tuesday. Ceconomy has a one year low of €8.88 ($10.33) and a one year high of €29.50 ($34.30).

Ceconomy Company Profile

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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