Analyst Rating Update on Banco Bradesco Sa (BBD)

Banco Bradesco Sa (BBD) : Zacks Investment Research ranks Banco Bradesco Sa (BBD) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.

Banco Bradesco Sa (BBD) : 3 Wall Street analysts covering Banco Bradesco Sa (BBD) believe that the average level the stock could reach for the short term is $6.14. The maximum price target given is $8 and the minimum target for short term is around $4, hence the standard deviation is calculated at $1.79.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, UBS downgrades its rating on Banco Bradesco Sa (NYSE:BBD).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 5, 2016.


Banco Bradesco Sa (NYSE:BBD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.50 and $8.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.78, notching a gain of 3.29% for the day. The total traded volume was 9,946,557 . The stock had closed at $8.50 on the previous day.

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.

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