Shares of Banco Bradesco SA (NYSE:BBD) rose 5.5% during trading on Friday . The company traded as high as $8.02 and last traded at $8.02, with a volume of 8,430,638 shares. The stock had previously closed at $7.60.

BBD has been the subject of several research analyst reports. Scotiabank initiated coverage on Banco Bradesco SA in a report on Tuesday, March 15th. They issued an “underperform” rating for the company. Deutsche Bank AG lowered Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Bank of America Corp. raised Banco Bradesco SA from a “neutral” rating to a “buy” rating in a report on Monday, March 14th. Zacks Investment Research lowered Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Finally, Goldman Sachs Group Inc. lifted their price objective on Banco Bradesco SA from $1.26 to $1.82 and gave the stock a “neutral” rating in a report on Monday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.27.

The firm’s 50-day moving average is $7.13 and its 200-day moving average is $6.08. The company has a market cap of $44.26 billion and a P/E ratio of 7.94.

Other hedge funds have modified their holdings of the company. Trilogy Global Advisors LP raised its stake in shares of Banco Bradesco SA by 20.0% in the fourth quarter. Trilogy Global Advisors LP now owns 17,152,005 shares of the company’s stock valued at $82,495,000 after buying an additional 2,862,253 shares in the last quarter. Morgan Stanley raised its stake in shares of Banco Bradesco SA by 95.7% in the fourth quarter. Morgan Stanley now owns 12,721,880 shares of the company’s stock valued at $61,192,000 after buying an additional 6,221,082 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Banco Bradesco SA by 19.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 6,789,868 shares of the company’s stock valued at $32,659,000 after buying an additional 1,084,028 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Banco Bradesco SA by 27.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,159,149 shares of the company’s stock valued at $5,587,000 after buying an additional 248,873 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Banco Bradesco SA by 8.2% in the fourth quarter. Bank of Montreal Can now owns 338,948 shares of the company’s stock valued at $1,630,000 after buying an additional 25,783 shares in the last quarter.

Banco Bradesco SA is a multiple service bank. The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international corporations and institutions. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment.

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