Banco Bradesco (NYSE:BBD) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Banco Bradesco (NYSE:BBD) from a neutral rating to a buy rating in a research report report published on Thursday, The Fly reports.

A number of other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Banco Bradesco from a strong sell rating to a sell rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Banco Bradesco from a sell rating to a hold rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley upgraded shares of Banco Bradesco from an equal weight rating to an overweight rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $10.29.

NYSE BBD traded up $0.11 on Thursday, reaching $8.00. 14,646,697 shares of the stock were exchanged, compared to its average volume of 14,125,414. Banco Bradesco has a one year low of $7.53 and a one year high of $10.55. The firm has a market capitalization of $62.81 billion, a PE ratio of 11.27, a PEG ratio of 0.59 and a beta of 0.84. The company’s 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $8.77. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.72.

The company also recently announced a — dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.0046 per share. This represents a yield of 2.5%. The ex-dividend date was Wednesday, October 2nd. Banco Bradesco’s payout ratio is 7.04%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtus ETF Advisers LLC bought a new stake in Banco Bradesco during the 2nd quarter worth approximately $36,000. Exane Derivatives bought a new stake in Banco Bradesco during the 2nd quarter worth approximately $43,000. Parallel Advisors LLC raised its stake in Banco Bradesco by 50.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,660 shares of the bank’s stock worth $54,000 after acquiring an additional 2,232 shares during the period. Lindbrook Capital LLC grew its holdings in Banco Bradesco by 28.1% during the 2nd quarter. Lindbrook Capital LLC now owns 6,348 shares of the bank’s stock valued at $62,000 after buying an additional 1,393 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. grew its holdings in Banco Bradesco by 20.0% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 7,244 shares of the bank’s stock valued at $71,000 after buying an additional 1,207 shares in the last quarter. Institutional investors own 2.68% of the company’s stock.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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The Fly

Analyst Recommendations for Banco Bradesco (NYSE:BBD)

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