Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) saw an uptick in trading volume on Tuesday . 937,865 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 871,459 shares.The stock last traded at $16.74 and had previously closed at $16.74.

Several brokerages recently weighed in on CBD. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Deutsche Bank AG upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research report on Tuesday, June 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Companhia Brasileira de Distribuicao has an average rating of “Hold” and a consensus target price of $10.17.

The company has a market cap of $4.43 billion and a P/E ratio of 57.99. The company has a 50 day moving average price of $14.42 and a 200-day moving average price of $12.62.

An institutional investor recently raised its position 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 filing with the SEC. The fund 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 reporting period.

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.