ValuEngine Lowers CBL & Associates Properties (NYSE:CBL) to Sell

ValuEngine downgraded shares of CBL & Associates Properties (NYSE:CBL) from a hold rating to a sell rating in a research report released on Thursday morning, ValuEngine reports.

CBL has been the topic of several other reports. Barclays set a €45.00 ($52.33) price objective on shares of Zalando and gave the company a buy rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a research report on Wednesday, June 12th. BTIG Research reduced their target price on shares of Nutanix to $40.00 and set a buy rating for the company in a research report on Friday, May 31st. Finally, Wells Fargo & Co upgraded shares of Centurylink from a market perform rating to an outperform rating and increased their target price for the company from $12.00 to $14.00 in a research report on Wednesday, June 26th. Seven equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. CBL & Associates Properties currently has an average rating of Sell and an average price target of $2.60.

CBL opened at $0.92 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $159.60 million, a P/E ratio of 0.57, a price-to-earnings-growth ratio of -0.22 and a beta of 1.50. CBL & Associates Properties has a 52-week low of $0.77 and a 52-week high of $5.79. The firm’s fifty day moving average is $1.04.

Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Capital Management LLC acquired a new stake in shares of CBL & Associates Properties in the first quarter valued at about $30,000. Creative Planning acquired a new stake in shares of CBL & Associates Properties in the first quarter valued at about $31,000. Coldstream Capital Management Inc. acquired a new stake in shares of CBL & Associates Properties in the fourth quarter valued at about $34,000. HHM Wealth Advisors LLC acquired a new stake in shares of CBL & Associates Properties in the first quarter valued at about $37,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of CBL & Associates Properties in the first quarter valued at about $41,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

About CBL & Associates Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 114 properties totaling 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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