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

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

The company has a 50 day moving average price of $13.67 and a 200-day moving average price of $12.36. The company has a market capitalization of $4.62 billion and a price-to-earnings ratio of 60.21.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP raised its position in Companhia Brasileira de Distribuicao (NYSE:CBD) by 5.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 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.

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