Banco Bradesco Sa (NYSE:BBD) has climbed 0.57% in the past week and advanced 1.74% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.78% and the outperformance has advanced to 0.81% for the last 4 weeks period.
Banco Bradesco Sa (NYSE:BBD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.09 and $6.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.01, notching a gain of 0.43% for the day. The total traded volume was 9,414,046 . The stock had closed at $6.98 on the previous day.
The company shares have dropped -16.55% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.54 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $7.03 and the 200 Day Moving Average price is recorded at $5.80.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of Banco Bradesco Sa (NYSE:BBD). UBS has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 5, 2016. Institutional Investors own 2.43% of Banco Bradesco Sa shares.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services. The Bank operates in two segments: banking and insurance. The banking segment includes a range of banking activities, serving individual and corporate customers in the investment banking, national and international banking operations, and asset management and consortium administration operations. The insurance segment covers auto, health, life, accident and property insurance and pension plans as well as capitalization bonds.