Ceconomy AG Preference Shares (CEC1) Receives Average Recommendation of “Buy” from Brokerages

Shares of Ceconomy AG Preference Shares (ETR:CEC1) have received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is €33.07 ($38.45).

Shares of Ceconomy AG Preference Shares traded down €2.95 ($3.43), reaching €8.00 ($9.30), during trading hours on Tuesday, Marketbeat reports. 807 shares of the company’s stock were exchanged, compared to its average volume of 1,597. Ceconomy AG Preference Shares has a 1 year low of €8.88 ($10.33) and a 1 year high of €29.50 ($34.30).

Ceconomy AG Preference Shares 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.

Analyst Recommendations for Ceconomy AG Preference Shares (ETR:CEC1)

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