Ceconomy AG (ETR:CEC1) Receives Consensus Recommendation of “Hold” from Analysts

Ceconomy AG (ETR:CEC1) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is €4.95 ($5.82).

CEC1 has been the subject of a number of analyst reports. Baader Bank set a €5.40 ($6.35) price objective on Ceconomy in a research note on Thursday, August 12th. Kepler Capital Markets set a €5.60 ($6.59) price objective on Ceconomy in a research note on Friday, August 13th. Finally, Warburg Research set a €5.00 ($5.88) price objective on Ceconomy and gave the stock a “neutral” rating in a research note on Monday, June 21st.

Shares of ETR CEC1 traded down €0.05 ($0.06) during midday trading on Tuesday, hitting €5.95 ($7.00). The stock had a trading volume of 331 shares, compared to its average volume of 1,597. The company’s 50-day simple moving average is €6.05 and its 200 day simple moving average is €5.47. The firm has a market cap of $15.93 million and a P/E ratio of 11.51. Ceconomy has a fifty-two week low of €4.02 ($4.73) and a fifty-two week high of €7.60 ($8.94). The company has a debt-to-equity ratio of 444.52, a current ratio of 0.93 and a quick ratio of 0.42.

About Ceconomy

Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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