Banco Bradesco (NYSE:BBD) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.
A number of other research analysts also recently commented on BBD. Zacks Investment Research downgraded shares of Banco Bradesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. Santander raised shares of Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Banco Bradesco has an average rating of “Buy” and a consensus price target of $8.00.
Shares of NYSE BBD traded up $0.70 during mid-day trading on Monday, reaching $8.70. The company had a trading volume of 36,436,900 shares, compared to its average volume of 11,721,644. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market capitalization of $47.39 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.46 and a beta of 1.79. Banco Bradesco has a 52-week low of $6.49 and a 52-week high of $13.18.
Institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new position in Banco Bradesco during the 1st quarter worth $124,000. HRT Financial LLC purchased a new position in Banco Bradesco during the 2nd quarter worth $132,000. Signaturefd LLC grew its position in Banco Bradesco by 50.7% during the 2nd quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock worth $141,000 after purchasing an additional 6,925 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Banco Bradesco during the 1st quarter worth $152,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Banco Bradesco during the 2nd quarter worth $183,000. 3.17% of the stock is currently owned by institutional investors.
Banco Bradesco Company Profile
Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.
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