Media stories about Companhia Brasileira de Distribuicao (NYSE:CBD) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. 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 news impact score of 0.07 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.9808232523933 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CBD has been the subject of several analyst reports. Zacks Investment Research lowered shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at 23.41 on Tuesday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 153.01 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 52-week low of $14.08 and a 52-week high of $25.90. The firm’s 50-day moving average is $24.54 and its 200 day moving average is $22.42.
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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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