Nomura Upgrades Central European Distribution Corp to Neutral (CEDC)

By admin | 6 years ago

Central European Distribution Corp (NASDAQ: CEDC) was upgraded by research analysts at Nomura (NYSE: NMR) from a “reduce” rating to a “neutral” rating in a report released on Thursday.

Central European Distribution Corp traded up 2.24% on Thursday, hitting $4.11. Central European Distribution Corp has a 1-year low of $2.75 and a 1-year high of $12.66. The company’s market cap is $299.5 million.

Central European Distribution Corp last posted its quarterly earnings results on Wednesday, February 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.21. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts expect that Central European Distribution Corp will post $0.00 EPS next quarter.

Separately, analysts at Bank of America (NYSE: BAC) cut their price target on shares of Central European Distribution Corp from $4.50 to $4.00 in a research note to investors on Tuesday, April 24th. They now have an “underperform” rating on the stock.

Central European Distribution Corporation (CEDC) operates primarily in the alcohol beverage industry.

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