Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Separately, JPMorgan Chase & Co. downgraded Companhia Brasileira de Distribuição from an “overweight” rating to a “neutral” rating in a research report on Monday, July 25th.
Companhia Brasileira de Distribuição Trading Down 6.5 %
Shares of CBD stock opened at $3.71 on Tuesday. The stock has a 50 day moving average of $3.65 and a two-hundred day moving average of $3.99. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.34. Companhia Brasileira de Distribuição has a 12 month low of $2.73 and a 12 month high of $6.02.
Institutional Trading of Companhia Brasileira de Distribuição
Hedge funds have recently modified their holdings of the company. Wolverine Trading LLC bought a new position in shares of Companhia Brasileira de Distribuição during the 4th quarter worth approximately $41,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Companhia Brasileira de Distribuição during the 1st quarter worth approximately $53,000. Atlas Capital Advisors LLC lifted its position in shares of Companhia Brasileira de Distribuição by 872.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock worth $54,000 after buying an additional 9,671 shares during the period. Counterpoint Mutual Funds LLC lifted its position in shares of Companhia Brasileira de Distribuição by 102.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 13,072 shares of the company’s stock worth $66,000 after buying an additional 6,614 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in shares of Companhia Brasileira de Distribuição during the 1st quarter worth approximately $69,000. Institutional investors own 5.22% of the company’s stock.
About Companhia Brasileira de Distribuição
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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