Banco Bradesco SA (NYSE:BBD) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $9.25 and last traded at $9.25, with a volume of 8,861,893 shares traded. The stock had previously closed at $8.96.

Several research analysts have commented on BBD shares. Barclays PLC lowered shares of Banco Bradesco SA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 27th. Zacks Investment Research raised shares of Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Friday, May 6th. Credit Suisse Group AG raised shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 14th. Scotiabank reaffirmed a “sector underperform” rating on shares of Banco Bradesco SA in a research note on Thursday, April 28th. Finally, JPMorgan Chase & Co. lowered shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research note 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’s stock. Banco Bradesco SA currently has an average rating of “Hold” and a consensus target price of $4.91.

The firm has a market capitalization of $51.17 billion and a price-to-earnings ratio of 9.26. The firm has a 50 day moving average of $8.37 and a 200-day moving average of $6.82.

Banco Bradesco SA (NYSE:BBD) last posted its quarterly earnings data 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. Analysts predict that Banco Bradesco SA will post $0.87 EPS for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of BBD. BNP Paribas Arbitrage SA increased 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. Bank of Montreal Can increased 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. Finally, Mizuho Trust & Banking Co. Ltd. increased 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.

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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