Brokerage Firm Rating on Banco Bradesco Sa (BBD)

Banco Bradesco Sa (BBD) : The consensus on Banco Bradesco Sa (BBD) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Banco Bradesco Sa (BBD) : The most positive equity analysts on Banco Bradesco Sa (BBD) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $6.31 with an expected fluctuation of $1.79 from the mean.


Company shares have received an average consensus rating of Hold for the current week Banco Bradesco Sa (NYSE:BBD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.02 and $9.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.25, notching a gain of 3.24% for the day. The total traded volume was 9,207,827 . The stock had closed at $8.96 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.

Leave a Reply

Get Pre-Market Alerts!

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