Cielo traded at 5.83 this Monday August 26th. Looking back, over the last four weeks, Cielo lost 1.22 percent. Over the last 12 months, its price rose by 56.30 percent. Looking ahead, we forecast Cielo to be priced at 5.68 by the end of this quarter and at 5.25 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cielo SA, formerly Companhia Brasileira de Meios de Pagamento, is a Brazil-based company that provides services related to credit cards and other payment methods. The Company's activities are divided into two business segments: Capturing and processing of transactions, which acquires and processes credit and debit card transactions and other means of payment, as well as offers accreditation of merchants and related services, and Management of payment accounts, which manages transactions related to credit and debit card usage. In addition, the Company offers rental, installation and maintenance of point of sale (POS) terminals and recharge of prepaid phones through POS, among others. It provides services to various credit and debit card issuers, such as Visa, MasterCard, American Express and Elo. The Company operates through a number of subsidiaries, including Servinet Servicos Ltda, Cielo USA Inc and Multidisplay Comercio e Servicos Tecnologicos SA, among others.