Ceconomy AG (ETR:CEC1) Given Consensus Recommendation of “Hold” by Analysts
Ceconomy AG (ETR:CEC1) has earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is €5.33 ($6.19).
A number of research firms have weighed in on CEC1. Barclays set a €5.50 ($6.40) target price on Ceconomy and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. HSBC set a €5.80 ($6.74) price target on Ceconomy and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Kepler Capital Markets set a €6.20 ($7.21) target price on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Independent Research set a €5.90 ($6.86) price target on shares of Ceconomy and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Baader Bank set a €5.50 ($6.40) price objective on shares of Ceconomy and gave the company a “neutral” rating in a report on Monday, April 15th.
Shares of ETR:CEC1 traded up €0.04 ($0.05) during trading hours on Wednesday, hitting €4.88 ($5.67). 340 shares of the company’s stock traded hands, compared to its average volume of 1,597. Ceconomy has a 1 year low of €3.23 ($3.76) and a 1 year high of €8.70 ($10.12). The firm has a market capitalization of $13.07 million and a PE ratio of -7.81. The company has a debt-to-equity ratio of 37.66, a current ratio of 0.97 and a quick ratio of 0.59.
Ceconomy AG engages in the consumer electronics retail business. It operates multi-channel consumer electronics stores; and Juke, a music streaming service. The company also operates iBood, a live shopping portal; and Flip4New, an online service for selling used electronic devices online. In addition, it offers professional assistance, including installation, networking, and troubleshooting of electronic appliances under the Deutsche Technikberatung brand; and services for advertisers to develop online campaigns.
Featured Article: What are the qualifications of a portfolio manager?
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.