Headlines about Companhia Brasileira de Distribuicao (NYSE:CBD) have been trending positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Companhia Brasileira de Distribuicao earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news articles about the company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Shares of Companhia Brasileira de Distribuicao (CBD) traded up 3.56% during midday trading on Monday, reaching $20.05. The company’s stock had a trading volume of 211,289 shares. The company’s market cap is $5.33 billion. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $24.75. The company’s 50-day moving average price is $20.87 and its 200-day moving average price is $19.22.
Several research firms recently commented on CBD. BidaskClub cut Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, June 13th. Finally, J P Morgan Chase & Co upgraded Companhia Brasileira de Distribuicao to an “overweight” rating in a research report on Wednesday, March 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Companhia Brasileira de Distribuicao presently has a consensus rating of “Hold” and an average price target of $23.00.
About Companhia Brasileira de Distribuicao
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 principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.
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