Banco Bradesco SA (NYSE:BBD)’s share price fell 5.3% during mid-day trading on Thursday . The company traded as low as $8.23 and last traded at $8.27, with a volume of 13,600,831 shares traded. The stock had previously closed at $8.73.

BBD has been the topic of a number of analyst reports. Barclays PLC lowered Banco Bradesco SA from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 27th. Zacks Investment Research upgraded Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Friday, May 6th. Credit Suisse Group AG upgraded Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a report on Thursday, July 14th. Scotiabank reiterated a “sector underperform” rating on shares of Banco Bradesco SA in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. lowered Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.27.

The company has a market capitalization of $45.97 billion and a PE ratio of 8.18. The company has a 50-day moving average price of $7.85 and a 200-day moving average price of $6.48.

Other institutional investors have bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. raised 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 valued at $5,587,000 after buying an additional 248,873 shares during the last quarter. Morgan Stanley raised 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 valued at $61,192,000 after buying an additional 6,221,082 shares during the last quarter. Bank of Montreal Can raised 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 valued at $1,630,000 after buying an additional 25,783 shares during the last quarter. Trilogy Global Advisors LP raised its position 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 last quarter. Finally, Brandes Investment Partners LP raised 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 valued at $1,239,000 after buying an additional 8,870 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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