Companhia Brasileira de Distribuicao (NYSE:CBD) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.58, but opened at $14.68. Companhia Brasileira de Distribuicao shares last traded at $15.13, with a volume of 549,237 shares traded.

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

The stock’s market cap is $4.04 billion. The firm’s 50-day moving average price is $14.92 and its 200-day moving average price is $12.88.

A hedge fund recently raised its stake in Companhia Brasileira de Distribuicao stock. Brandes Investment Partners LP boosted its stake in 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 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 about 0.79% of Companhia Brasileira de Distribuicao worth $22,040,000 as of its most recent filing with the SEC.

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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