Companhia Brasileira de Distribuicao (NYSE:CBD) shares were up 2.2% during mid-day trading on Wednesday . The company traded as high as $16.62 and last traded at $16.62, with a volume of 517,647 shares. The stock had previously closed at $16.26.

A number of research analysts recently issued reports on CBD shares. 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 analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Companhia Brasileira de Distribuicao currently has an average rating of “Hold” and an average target price of $10.17.

The company’s 50 day moving average is $15.92 and its 200-day moving average is $13.59. The firm’s market capitalization is $4.38 billion.

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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