Ceconomy AG (CEC1) Given Consensus Rating of “Hold” by Brokerages

Ceconomy AG (ETR:CEC1) has earned an average rating of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is €33.02 ($39.31).

Ceconomy (CEC1) traded down €0.02 ($0.02) during midday trading on Friday, hitting €9.85 ($11.73). 909 shares of the stock were exchanged, compared to its average volume of 4,879. Ceconomy has a 12-month low of €8.73 ($10.39) and a 12-month high of €29.50 ($35.12).

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About Ceconomy

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world, as well as offers professional consultancy services, including installation, networking, and troubleshooting in the area of digital products.

Analyst Recommendations for Ceconomy (ETR:CEC1)

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