Companhia Brasileira de Distribuicao (NYSE:CBD) traded up 2.7% on Monday . The stock traded as high as $17.39 and last traded at $17.31, with a volume of 463,428 shares. The stock had previously closed at $16.86.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. Deutsche Bank AG raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Companhia Brasileira de Distribuicao presently has an average rating of “Hold” and an average price target of $10.17.

The company has a market cap of $4.60 billion and a PE ratio of 59.97. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $12.25.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP increased its stake in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,095,051 shares of the company’s stock after buying an additional 110,038 shares during the period. Brandes Investment Partners LP owned 0.79% of Companhia Brasileira de Distribuicao worth $22,040,000 at the end of the most recent quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.