Companhia Brasileira de Distribuicao (NYSE:CBD) shares shot up 2.2% during trading on Friday . The company traded as high as $16.87 and last traded at $16.59, with a volume of 370,006 shares trading hands. The stock had previously closed at $16.23.

A number of brokerages have commented 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Companhia Brasileira de Distribuicao has a consensus rating of “Hold” and an average price target of $10.17.

The stock’s market cap is $4.39 billion. The stock has a 50-day moving average of $15.32 and a 200 day moving average of $13.11.

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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