HSBC upgraded shares of PETROLEO BRASIL/ADR (NYSE:PBR) from a hold rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports.
Several other analysts have also recently commented on the company. Barclays cut PETROLEO BRASIL/ADR from an overweight rating to an underweight rating and set a $17.00 price target for the company. in a report on Thursday, January 10th. UBS Group upgraded PETROLEO BRASIL/ADR from a neutral rating to a buy rating in a report on Tuesday, February 12th. Credit Suisse Group reiterated a hold rating and set a $15.00 target price on shares of PETROLEO BRASIL/ADR in a report on Thursday, January 31st. ValuEngine upgraded PETROLEO BRASIL/ADR from a hold rating to a buy rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded PETROLEO BRASIL/ADR from a strong sell rating to a hold rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $16.48.
PBR opened at $16.59 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.48 and a quick ratio of 1.12. The stock has a market capitalization of $108.20 billion, a price-to-earnings ratio of 11.60 and a beta of 1.61. PETROLEO BRASIL/ADR has a 12 month low of $9.02 and a 12 month high of $17.20.
PETROLEO BRASIL/ADR Company Profile
PetrÃ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.
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