Cnova NV (CNV) is Upgraded by JP Morgan to Overweight

Cnova NV (CNV) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Apr 13, 2016.

Cnova NV closed down -0.06 points or -1.97% at $2.99 with 94,526 shares getting traded on Monday. Post opening the session at $3.1, the shares hit an intraday low of $2.87 and an intraday high of $3.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Cnova N.V. is an e-commerce company with operations in Europe Latin America Asia and Africa. The Company operates in two segments: Cdiscount and Cnova Brazil. Cdiscount segment consists of amounts earned from retail sales of consumer products through Cdiscount.com and monshowroom.com Websites in France and other Websites created by Cdiscount outside of France. Cnova Brazil consists of amounts earned from retail sales of consumer products through Websites in Brazil Extra.com.br PontoFrio.com.br CasasBahia.com.br Barateiro.com.br PartiuViagens.com.br wholesale activities and E-Hub. The Company also operates sites in France including Comptoir Sante which offers health and beauty products; MonCornerDeco.com which is focused on home decor; MonShowroom.com which is focused on apparel; moncornerbaby.com which is an online seller of infant care products and toys and moncornerbrico.com which is an online seller of home improvement products for the do-it-yourself (DIY) consumers.

Cnova NV

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