METRO AG/ADR (MTGGY) Cut to “Underweight” at JPMorgan Chase & Co.

METRO AG/ADR (OTCMKTS:MTGGY) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Wednesday, The Fly reports.

METRO AG/ADR Company Profile

Ceconomy AG engages in the consumer electronics retail business. It operates multi-channel consumer electronics stores; and Juke, a music streaming service. The company also operates iBood, a live shopping portal; and Flip4New, an online service for selling used electronic devices online. In addition, it offers professional assistance, including installation, networking, and troubleshooting of electronic appliances under the Deutsche Technikberatung brand; and services for advertisers to develop online campaigns.

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