Banco Bradesco SA (NYSE:BBD) was up 5.2% on Thursday . The stock traded as high as $8.70 and last traded at $8.68, with a volume of 9,780,949 shares changing hands. The stock had previously closed at $8.25.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Friday, May 6th. Barclays PLC cut shares of Banco Bradesco SA from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 27th. Deutsche Bank AG cut shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Goldman Sachs Group Inc. upped their price objective on shares of Banco Bradesco SA from $1.26 to $1.82 and gave the stock a “neutral” rating in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. cut shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.27.

The stock has a 50 day moving average of $7.35 and a 200 day moving average of $6.20. The stock has a market capitalization of $47.80 billion and a price-to-earnings ratio of 8.74.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Brandes Investment Partners LP boosted its position in Banco Bradesco SA by 3.6% in the fourth quarter. Brandes Investment Partners LP now owns 257,490 shares of the company’s stock worth $1,239,000 after buying an additional 8,870 shares during the last quarter. Bank of Montreal Can boosted its position in Banco Bradesco SA by 8.2% in the fourth quarter. Bank of Montreal Can now owns 338,948 shares of the company’s stock worth $1,630,000 after buying an additional 25,783 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in 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 worth $5,587,000 after buying an additional 248,873 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 worth $32,659,000 after buying an additional 1,084,028 shares during the last quarter. Finally, Morgan Stanley boosted its position in Banco Bradesco SA by 95.7% in the fourth quarter. Morgan Stanley now owns 12,721,880 shares of the company’s stock worth $61,192,000 after buying an additional 6,221,082 shares during 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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