Ceconomy AG (CEC1) Given Consensus Rating of “Buy” by Analysts

Shares of Ceconomy AG (ETR:CEC1) have received an average rating of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is €32.85 ($40.55).

Shares of Ceconomy (ETR:CEC1) traded up €0.10 ($0.12) during mid-day trading on Wednesday, hitting €11.05 ($13.64). The stock had a trading volume of 1,939 shares, compared to its average volume of 4,322. The company has a market cap of $3,670.00 and a price-to-earnings ratio of 52.62. Ceconomy has a 12-month low of €8.88 ($10.96) and a 12-month high of €29.50 ($36.42).

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Ceconomy Company Profile

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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