Shares of Cencosud SA (NYSE:CNCO) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several research firms recently weighed in on CNCO. TheStreet raised shares of Cencosud SA from a “hold” rating to a “buy” rating in a research note on Friday, September 2nd. Bank of America Corp. cut shares of Cencosud SA from a “neutral” rating to an “underperform” rating in a research note on Friday, August 26th. Finally, JPMorgan Chase & Co. cut shares of Cencosud SA from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 18th.

Institutional investors have recently bought and sold shares of the stock. INCA Investments LLC boosted its position in Cencosud SA by 14.3% in the second quarter. INCA Investments LLC now owns 195,807 shares of the company’s stock valued at $1,752,000 after buying an additional 24,473 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cencosud SA by 0.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,525 shares of the company’s stock worth $237,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Cencosud SA during the second quarter worth approximately $239,000. Frontier Wealth Management LLC acquired a new position in shares of Cencosud SA during the second quarter worth approximately $117,000. Finally, US Bancorp DE boosted its position in shares of Cencosud SA by 1,952.6% in the second quarter. US Bancorp DE now owns 36,331 shares of the company’s stock worth $326,000 after buying an additional 34,561 shares during the last quarter. 0.46% of the stock is owned by institutional investors.

Shares of Cencosud SA (NYSE:CNCO) opened at 8.91 on Monday. The stock has a 50 day moving average price of $8.90 and a 200-day moving average price of $8.34. Cencosud SA has a one year low of $5.30 and a one year high of $9.45. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 16.05 and a beta of 0.95.

About Cencosud SA

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