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CBL & Associates Properties (NYSE:CBL)’s share price reached a new 52-week low during trading hours on Thursday, Stock Ratings News reports. The company traded as low as $17.07 and last traded at $17.60, with a volume of 3,448,676 shares traded. The stock had previously closed at $18.01.

A number of research firms have recently commented on CBL. Analysts at JPMorgan Chase & Co. downgraded shares of CBL & Associates Properties from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $21.00 price target on the stock, down previously from $23.00. Separately, analysts at Stifel Nicolaus downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 6th. They now have a $25.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of CBL & Associates Properties in a research note to investors on Tuesday, December 17th. They set a “hold” rating and a $19.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.94.

CBL & Associates Properties has a 52-week low of $17.07 and a 52-week high of $26.95. The stock has a 50-day moving average of $17.96 and a 200-day moving average of $19.77. The company has a market cap of $2.994 billion and a price-to-earnings ratio of 31.32.

CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Tuesday, November 5th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $257.10 million for the quarter, compared to the consensus estimate of $263.35 million. During the same quarter last year, the company posted $0.54 earnings per share. CBL & Associates Properties’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that CBL & Associates Properties will post $2.21 earnings per share for the current fiscal year.

CBL & Associates Properties, Inc (NYSE:CBL), is a self-managed, self-administered, fully integrated real estate investment trust (REIT).

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