Somewhat Positive Press Coverage Somewhat Unlikely to Affect Itau Unibanco (ITUB) Share Price

Press coverage about Itau Unibanco (NYSE:ITUB) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Itau Unibanco earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.0070015520656 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Itau Unibanco stock opened at $11.28 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.67. The stock has a market cap of $73.33 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.88 and a beta of 1.78. Itau Unibanco has a 52-week low of $9.92 and a 52-week high of $16.98.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Tuesday, July 31st. The bank reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). Itau Unibanco had a net margin of 17.21% and a return on equity of 16.67%. equities analysts forecast that Itau Unibanco will post 1.09 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Thursday, October 11th. Shareholders of record on Wednesday, September 5th will be paid a dividend of $0.0039 per share. This represents a yield of 0.42%. The ex-dividend date is Tuesday, September 4th. Itau Unibanco’s payout ratio is 4.39%.

A number of equities research analysts recently weighed in on ITUB shares. ValuEngine downgraded shares of Itau Unibanco from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. Finally, Citigroup raised shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 5th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

About Itau Unibanco

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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