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

Shares of Ceconomy AG (ETR:CEC1) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is €32.82 ($39.07).

Shares of Ceconomy (ETR:CEC1) traded down €0.90 ($1.07) during trading hours on Friday, reaching €10.30 ($12.26). 23,689 shares of the company’s stock traded hands, compared to its average volume of 5,913. Ceconomy has a 1 year low of €8.73 ($10.39) and a 1 year high of €29.50 ($35.12). The company has a market capitalization of $3,930.00 and a P/E ratio of 93.64.

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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.

Analyst Recommendations for Ceconomy (ETR:CEC1)

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