Companhia Brasileira de Distribuicao (NYSE:CBD) Getting Somewhat Positive Media Coverage, Report Finds
News articles about Companhia Brasileira de Distribuicao (NYSE:CBD) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Companhia Brasileira de Distribuicao earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.2863615363955 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) opened at 23.76 on Friday. The company has a 50 day moving average of $20.53 and a 200-day moving average of $19.97. The firm has a market capitalization of $6.32 billion, a P/E ratio of 147.58 and a beta of 1.85. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $24.75.
A number of brokerages recently weighed in on CBD. BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, June 13th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Companhia Brasileira de Distribuicao currently has a consensus rating of “Buy” and an average target price of $23.00.
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Companhia Brasileira de Distribuicao Company Profile
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 principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.
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