Companhia Brasileira de Distribuicao (NYSE:CBD) was upgraded by stock analysts at UBS AG from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group upgraded shares of Companhia Brasileira de Distribuicao from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, September 26th. Finally, BidaskClub upgraded shares of Companhia Brasileira de Distribuicao from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $28.00.

Companhia Brasileira de Distribuicao (CBD) traded up $0.02 during trading hours on Tuesday, reaching $22.46. 235,100 shares of the company’s stock were exchanged, compared to its average volume of 483,960. The stock has a market cap of $5,973.96, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.89. 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 52 week low of $14.08 and a 52 week high of $25.90.

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Several hedge funds have recently made changes to their positions in the company. First Allied Advisory Services Inc. lifted its holdings in shares of Companhia Brasileira de Distribuicao by 0.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,305 shares of the company’s stock worth $218,000 after acquiring an additional 58 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of Companhia Brasileira de Distribuicao by 17.1% during the 2nd quarter. Boston Common Asset Management LLC now owns 18,800 shares of the company’s stock worth $368,000 after acquiring an additional 2,750 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Companhia Brasileira de Distribuicao by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 298,082 shares of the company’s stock worth $5,830,000 after acquiring an additional 3,279 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Companhia Brasileira de Distribuicao by 16.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 25,393 shares of the company’s stock worth $496,000 after acquiring an additional 3,557 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Companhia Brasileira de Distribuicao by 1,184.5% during the 3rd quarter. Wells Fargo & Company MN now owns 4,817 shares of the company’s stock worth $114,000 after acquiring an additional 4,442 shares during the period. Institutional investors and hedge funds own 3.40% of the company’s stock.

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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