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Cencosud SA (NYSE:CNCO) has been downgraded to Neutral in a statement by JPMorgan Chase & Co. earlier today.

Just yesterday Cencosud SA (NYSE:CNCO) traded 0.57% lower at $8.79. The company’s 50-day moving average is $8.78 and its 200-day moving average is $8.14. With the last stock price close up 7.52% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Trading volume was was down over the average, with 75,184 shares of CNCO changing hands under the typical 174,939 shares..

JPMorgan Chase & Co. has downgraded Cencosud SA(NYSE:CNCO) to Neutral in a statement released Thursday August 18 2016.

See Chart Below:

Cencosud SA (NYSE:CNCO)

In addition to JPMorgan Chase & Co. reporting it’s target price, a total of 1 analysts has issued a research note on CNCO. The consensus target stock price is $7.98 with 0 rating the stock a strong buy, two firms rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the company as sell.

With a market capitalization of $0.0, Cencosud SA has a P/E of 16 with a one-year low of $5.30 and a 52 week high of $9.45.

Brief Synopsis On Cencosud SA (NYSE:CNCO)

Cencosud S.A., together with its subsidiaries, operates as a multi-brand retailer in Chile, Argentina, Brazil, Colombia, and Peru. The companyÂ’s Supermarkets segment operates supermarkets and hypermarkets, which sells brand and private label products under the Jumbo, Santa Isabel, Disco, Vea, Wong, Metro, GBarbosa, Perini, Bretas, and Prezunic brands. As of December 31, 2015, this segment operated 944 supermarkets in Chile, Argentina, Brazil, Peru, and Colombia. Its Home Improvement Stores segment operates home improvement stores that offer various building and other materials, including name brand and private label products. As of December 31, 2015, it had 35 Easy home improvement stores selling space in Chile; 50 Easy and Blaisten home improvement stores in Argentina; and 10 Easy home improvement stores in Colombia. The companyÂ’s Department Stores segment operates department stores, which sell a range of merchandise, such as apparel, home furnishings, electronics, and sporting goods comprising name brand and private label products. As of December 31, 2015, this segment operated 79 department stores in Chile under the Paris and Johnson brands; and 9 Paris stores in Peru. Its Shopping Centers segment operates shopping centers. As of December 31, 2015, this segment owned and managed various shopping centers, including 25 in Chile, 22 in Argentina, 4 in Peru, and 2 in Colombia. The companyÂ’s Financial Services segment provides credit cards primarily to finance customersÂ’ purchases in its stores; operates Banco Paris, a specialty retail consumer bank in Chile, which provides mortage loans; and offers consumer loans, purchase financing, and insurance products. Its Other segment operates electronic stores, pharmacies, gas stations, and entertainment centers under various brands; and offers loyalty programs. The company also operates a travel agency. Cencosud S.A. was founded in 1960 and is headquartered in Las Condes, and Chile.

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