Banco Bradesco SA (NYSE:BBD) shares hit a new 52-week high on Thursday . The stock traded as high as $9.10 and last traded at $9.01, with a volume of 6,234,050 shares traded. The stock had previously closed at $8.78.

Several brokerages recently weighed in on BBD. Credit Suisse Group AG upgraded Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. lowered Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Friday, May 6th. Scotiabank restated a “sector underperform” rating on shares of Banco Bradesco SA in a research report on Thursday, April 28th. Finally, Goldman Sachs Group Inc. raised their price target on Banco Bradesco SA from $1.26 to $1.82 and gave the stock a “neutral” rating in a research report on Monday, May 2nd. Two equities 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. The company currently has an average rating of “Hold” and an average target price of $4.91.

The firm has a market cap of $49.95 billion and a P/E ratio of 9.31. The firm’s 50 day moving average price is $8.03 and its 200-day moving average price is $6.63.

Banco Bradesco SA (NYSE:BBD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.76. On average, equities analysts predict that Banco Bradesco SA will post $0.84 EPS for the current year.

Several hedge funds recently made changes to their positions in BBD. BNP Paribas Arbitrage SA boosted 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. Brandes Investment Partners LP boosted its stake in shares of 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 in the last quarter. Bank of Montreal Can boosted 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. Morgan Stanley boosted 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. Finally, Mizuho Trust & Banking Co. Ltd. boosted 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.

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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