Commerzbank reaffirmed their sell rating on shares of Ceconomy (ETR:CEC1) in a research report sent to investors on Monday. They currently have a price target on the stock.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. set a €4.00 ($4.65) target price on Ceconomy and gave the stock a sell rating in a research report on Thursday, October 11th. Kepler Capital Markets set a €6.30 ($7.33) target price on Ceconomy and gave the stock a neutral rating in a research report on Wednesday, October 10th. equinet set a €5.00 ($5.81) target price on Ceconomy and gave the stock a neutral rating in a research report on Wednesday, October 10th. Independent Research set a €4.50 ($5.23) target price on Ceconomy and gave the stock a sell rating in a research report on Tuesday, October 9th. Finally, Goldman Sachs Group set a €7.40 ($8.60) target price on Ceconomy and gave the stock a neutral rating in a research report on Tuesday, October 9th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of €5.29 ($6.15).

ETR:CEC1 opened at €6.14 ($7.14) on Monday. Ceconomy has a 12 month low of €8.88 ($10.33) and a 12 month high of €29.50 ($34.30).

About Ceconomy

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.

Read More: How Short Selling Works

Analyst Recommendations for Ceconomy (ETR:CEC1)

Receive News & Ratings for Ceconomy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceconomy and related companies with MarketBeat.com's FREE daily email newsletter.