Brokerage Firm Rating on Itau Unibanco Banco Holding SA (ITUB)

Itau Unibanco Banco Holding SA (ITUB) : Zacks Investment Research ranks Itau Unibanco Banco Holding SA (ITUB) as 2, which is a Buy recommendation. 3 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. The average broker rating of 5 research analysts is 2.6, which indicates as a Hold.


Company shares have received an average consensus rating of Hold for the current week Itau Unibanco Banco Holding SA (NYSE:ITUB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.15 and $11.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.36, notching a gain of 2.43% for the day. The total traded volume was 12,927,780 . The stock had closed at $11.09 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.

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