JPMorgan Chase downgraded shares of Cielo S A (OTCMKTS:CIOXY) from a neutral rating to an underweight rating in a research note issued to investors on Thursday morning, The Fly reports.
Separately, ValuEngine lowered shares of Cielo S A from a buy rating to a hold rating in a research note on Wednesday, April 4th.
Shares of CIOXY traded down $0.23 during trading hours on Thursday, reaching $5.43. 203,922 shares of the company traded hands, compared to its average volume of 673,048. The firm has a market capitalization of $15,513.01, a P/E ratio of 11.50 and a beta of 1.56. Cielo S A has a 12-month low of $5.37 and a 12-month high of $8.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.
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About Cielo S A
Cielo SA, through its subsidiaries, operates in the merchant acquiring and payment processing industry in Brazil. It is involved in the provision of services related to credit and debit cards, and other payment methods, including signing up of merchants and service providers; rental, installation, and maintenance of point of sale terminals; and data capture and processing of electronic and manual transactions.
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