Banco Bradesco SA (NYSE:BBD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.93 and last traded at $8.85, with a volume of 4,600,191 shares trading hands. The stock had previously closed at $8.77.

Several equities analysts have issued reports on BBD shares. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Citigroup Inc. downgraded shares of Banco Bradesco SA from a “neutral” rating to a “sell” rating in a research note on Friday, April 8th. Goldman Sachs Group Inc. increased their target price on shares of Banco Bradesco SA from $1.26 to $1.82 and gave the stock a “neutral” rating in a research note on Monday, May 2nd. Credit Suisse Group AG upgraded shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. downgraded shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.27.

The stock has a market capitalization of $48.29 billion and a PE ratio of 8.53. The company’s 50 day moving average price is $7.60 and its 200 day moving average price is $6.32.

A number of large investors have recently added to or reduced their stakes in BBD. Brandes Investment Partners LP increased its stake 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 valued at $1,239,000 after buying an additional 8,870 shares during the period. Bank of Montreal Can increased its stake 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 valued at $1,630,000 after buying an additional 25,783 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake 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 valued at $5,587,000 after buying an additional 248,873 shares during the period. BNP Paribas Arbitrage SA increased its stake 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 valued at $32,659,000 after buying an additional 1,084,028 shares during the period. Finally, Trilogy Global Advisors LP increased its stake in 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 during the period.

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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