Somewhat Positive Media Coverage Somewhat Unlikely to Affect Companhia Brasileira de Distribuicao (CBD) Share Price

Headlines about Companhia Brasileira de Distribuicao (NYSE:CBD) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Companhia Brasileira de Distribuicao earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.7627102734048 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

CBD has been the topic of several analyst reports. Zacks Investment Research lowered shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub raised shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

Shares of Companhia Brasileira de Distribuicao (NYSE CBD) opened at 24.56 on Friday. The stock has a 50 day moving average of $24.55 and a 200 day moving average of $22.27. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 155.44 and a beta of 1.84. Companhia Brasileira de Distribuicao has a 12-month low of $14.08 and a 12-month high of $25.90.

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About Companhia Brasileira de Distribuicao

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 principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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