The stock of Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) is a huge mover today! About 298,939 shares traded hands. Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) has risen 36.38% since March 15, 2016 and is uptrending. It has outperformed by 30.89% the S&P500.
The move comes after 8 months positive chart setup for the $4.76 billion company. It was reported on Oct, 18 by Barchart.com. We have $24.64 PT which if reached, will make NYSE:CBD worth $1.86B more.
Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) Ratings Coverage
Out of 4 analysts covering Companhia Brasileira de Distribuicao (NYSE:CBD), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Companhia Brasileira de Distribuicao has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, November 9 by Citigroup. JP Morgan downgraded Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) on Tuesday, October 13 to “Underweight” rating. Bank of America downgraded the stock to “Underperform” rating in Friday, October 16 report. The stock of Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) earned “Neutral” rating by Nomura on Monday, November 9.
According to Zacks Investment Research, “Companhia Brasileira de DistribuiÃ§Ã£o is engaged in retail business. It operates through four segments: Food Retail, Self-Service Wholesale, Home Appliances and E-commerce. The company’s product include beverages, fruits, vegetables, meat, bread, cold cuts, dairy products, cleaning products, disposable products, personal care products, baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, handcraft, toys, sports and camping gear, furniture, mattresses, pet products, gardening products, personal computers, software, computer accessories, sound and image systems. It also provides medications and cosmetics at its drugstores and non-food products at gas stations. The company serves through hypermarkets, supermarkets, specialized and department stores and e-commerce. Companhia Brasileira de DistribuiÃ§Ã£o, formerly known as Pao Acucar, is headquartered in SÃ£o Paulo, Brazil.”
Another recent and important Companhia Brasileira de Distribuicao-ADR (NYSE:CBD) news was published by Benzinga.com which published an article titled: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” on September 22, 2015.
CBD Company Profile
Companhia Brasileira de Distribuicao, incorporated on November 10, 1981, 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 through various trade names, e-commerce platforms and neighborhood shopping center flag Conviva. The Company’s operating divisions include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment. The Firm is engaged in activities of retail stores located in approximately 20 states and the Federal District of Brazil. The Company’s Retail segment includes the banners Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Supermercado, Minimercado Extra, Posto Extra, Drogaria Extra and GPA Malls & Properties. The Home appliances segment includes the banners Ponto Frio and Casas Bahia. The Company’s Cash & Carry segment includes the brand Assai. The E-commerce segment includes the sites www.pontofrio.com.br, www.extra.com.br, www.casasbahia.com.br, www.barateiro.com.br, www.partiuviagens.com.br and www.cdiscount.com.br.
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