Companhia Brasileira de Distribuicao (CBD) Getting Favorable Media Coverage, Analysis Finds

Media coverage about Companhia Brasileira de Distribuicao (NYSE:CBD) has been trending positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Companhia Brasileira de Distribuicao earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.3015961687881 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Several analysts recently commented on the company. Zacks Investment Research lowered Companhia Brasileira de Distribuicao from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. UBS raised Companhia Brasileira de Distribuicao from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 21st. Finally, Credit Suisse Group raised Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.

Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) traded up $0.64 on Wednesday, reaching $23.10. The company’s stock had a trading volume of 231,359 shares, compared to its average volume of 476,663. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 1.18. Companhia Brasileira de Distribuicao has a one year low of $14.73 and a one year high of $25.90. The firm has a market capitalization of $5,944.67, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.29 and a beta of 1.84.

The firm also recently disclosed a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 11th will be issued a $0.0968 dividend. This is a positive change from Companhia Brasileira de Distribuicao’s previous special dividend of $0.06. The ex-dividend date is Friday, December 8th.

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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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