Banco Bradesco SA (NYSE:BBD)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.10 and last traded at $9.01, with a volume of 6,234,050 shares changing hands. The stock had previously closed at $8.78.

Several research firms recently issued reports on BBD. Credit Suisse Group AG upgraded shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a report on Thursday, July 14th. JPMorgan Chase & Co. lowered shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Friday, May 6th. Scotiabank restated a “sector underperform” rating on shares of Banco Bradesco SA in a report on Thursday, April 28th. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Banco Bradesco SA from $1.26 to $1.82 and gave the company a “neutral” rating in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.91.

The firm’s 50 day moving average is $8.15 and its 200-day moving average is $6.67. The company has a market capitalization of $50.51 billion and a PE ratio of 9.34.

Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.76. On average, analysts predict that Banco Bradesco SA will post $0.86 EPS for the current year.

Several institutional investors have added to or reduced their stakes in the stock. 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 in 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 in the last quarter. 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 in the last quarter. BNP Paribas Arbitrage SA raised 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 valued at $32,659,000 after buying an additional 1,084,028 shares in the last quarter. Finally, 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 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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