Analyst Rating Update on Itau Unibanco Banco Holding SA (ITUB)

Itau Unibanco Banco Holding SA (ITUB) : 5 analysts are covering Itau Unibanco Banco Holding SA (ITUB) and their average rating on the stock is 2.6, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock.

Itau Unibanco Banco Holding SA (ITUB) : Currently there are 2 street experts covering Itau Unibanco Banco Holding SA (ITUB) stock. The most bullish and bearish price target for the stock is $8 and $7 respectively for the short term. The average price target of all the analysts comes to $7.5. The estimated standard deviation from the target is $0.71.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, upgrades their rating on the shares of Itau Unibanco Banco Holding SA (NYSE:ITUB). Goldman Sachs has a Neutral rating on the shares. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on July 20, 2016.


Itau Unibanco Banco Holding SA (NYSE:ITUB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.37 and $10.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.83, notching a gain of 4.54% for the day. The total traded volume was 21,367,170 . The stock had closed at $10.36 on the previous day.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.