Goldman Sachs Downgrades Cencosud SA to Sell

Brokerage firm Goldman Sachs Downgrades its rating on Cencosud SA(NYSE:CNCO). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Jun 6, 2016.

Cencosud SA (CNCO) shares turned negative on Fridays trading session with the shares closing down -0.23 points or -2.82% at a volume of 22,757. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.08. The peak price level was also seen at $8.08 while the days lowest was $7.93. Finally the shares closed at $7.93. The 52-week high of the shares is $8.7 while the 52-week low is $5.2. According to the latest information available, the market cap of the company is $7,514 M.

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