Itau Unibanco Banco Holding SA (ITUB) Receives ‘Analyst’ Rating

Itau Unibanco Banco Holding SA (ITUB) : 4 brokerage houses believe that Itau Unibanco Banco Holding SA (ITUB) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Itau Unibanco Banco Holding SA (ITUB) : Currently there are 3 street experts covering Itau Unibanco Banco Holding SA (ITUB) stock. The most bullish and bearish price target for the stock is $13 and $8 respectively for the short term. The average price target of all the analysts comes to $10.67. The estimated standard deviation from the target is $2.52.


Also, Major Brokerage house, JP Morgan maintains its ratings on Itau Unibanco Banco Holding SA (NYSE:ITUB). In the latest research report, JP Morgan raises the target price from $9 per share to $11 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 16, 2016.

Itau Unibanco Banco Holding SA (NYSE:ITUB): After opening at $10.57, the stock dipped to an intraday low of $10.44 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.865 and the buying power remained strong till the end. The stock closed at $10.8 for the day, a gain of 2.86% for the day session. The total traded volume was 10,080,012. The stocks close on the previous trading day was $10.5.

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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