Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) shot up 2.5% on Tuesday . The stock traded as high as $15.89 and last traded at $15.86, with a volume of 458,876 shares changing hands. The stock had previously closed at $15.48.

Several research firms have weighed in on CBD. Deutsche Bank AG raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research report on Tuesday, June 7th. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.50.

The company’s market cap is $4.20 billion. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $14.27.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/companhia-brasileira-de-distribuicao-cbd-shares-up-2-5.html

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in shares of Companhia Brasileira de Distribuicao by 12.6% in the second quarter. Ameriprise Financial Inc. now owns 16,361 shares of the company’s stock worth $238,000 after buying an additional 1,830 shares during the last quarter. BlackRock Inc. increased its position in shares of Companhia Brasileira de Distribuicao by 0.9% in the first quarter. BlackRock Inc. now owns 219,818 shares of the company’s stock worth $3,058,000 after buying an additional 1,899 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Companhia Brasileira de Distribuicao by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 94,286 shares of the company’s stock worth $1,372,000 after buying an additional 2,284 shares during the last quarter. State Street Corp increased its position in shares of Companhia Brasileira de Distribuicao by 0.5% in the first quarter. State Street Corp now owns 492,060 shares of the company’s stock worth $6,842,000 after buying an additional 2,472 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Companhia Brasileira de Distribuicao by 25.6% in the second quarter. Global X Management Co. LLC now owns 18,094 shares of the company’s stock worth $263,000 after buying an additional 3,690 shares during the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

5 Day Chart for NYSE:CBD

Receive News & Ratings for Companhia Brasileira de Distribuicao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Brasileira de Distribuicao and related companies with MarketBeat.com's FREE daily email newsletter.