Companhia Brasileira de Distribuicao (NYSE:CBD) traded down 3.3% during mid-day trading on Wednesday . The company traded as low as $16.14 and last traded at $16.15, with a volume of 368,506 shares trading hands. The stock had previously closed at $16.70.

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

The stock’s 50-day moving average price is $14.54 and its 200 day moving average price is $12.64. The company has a market capitalization of $4.36 billion and a P/E ratio of 57.01.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP increased its position in shares of Companhia Brasileira de Distribuicao (NYSE:CBD) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 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.

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