Shares of Ceconomy AG (ETR:CEC1) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is €33.02 ($39.31).
Ceconomy (CEC1) traded up €0.19 ($0.23) during midday trading on Friday, reaching €10.23 ($12.18). 4,255 shares of the company’s stock were exchanged, compared to its average volume of 4,649. Ceconomy has a 52 week low of €8.73 ($10.39) and a 52 week high of €29.50 ($35.12).
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, as well as offers professional consultancy services, including installation, networking, and troubleshooting in the area of digital products.
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