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Cencosud SA (NASDAQ:CNCO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a $9.20 target price on the stock. Zacks‘ price target points to a potential downside of 4.56% from the company’s current price.

Cencosud SA (NASDAQ:CNCO) traded up 0.71% during mid-day trading on Wednesday, hitting $9.708. 25,568 shares of the company’s stock traded hands. Cencosud SA has a 1-year low of $9.56 and a 1-year high of $19.76. The stock’s 50-day moving average is $10.64 and its 200-day moving average is $12.49. The company has a market cap of $9.154 billion and a price-to-earnings ratio of 25.10.

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