Bank of America (NYSE: BAC) was upgraded by equities research analysts at Edward Jones to a “buy” rating in a research note issued to investors on Thursday.

BAC has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Bank of America from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, February 19th. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Bank of America in a research note to investors on Monday, January 28th. They now have a $13.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Bank of America in a research note to investors on Tuesday, January 22nd.

Nine research analysts have rated the stock with a buy rating, two have assigned an overweight rating, twenty-two have issued a hold rating, one has issued an underweight rating, and one has given a sell rating to the company’s stock. The company presently has a consensus rating of “hold” and a consensus price target of $12.64.

Shares of Bank of America traded up 2.85% during mid-day trading on Thursday, hitting $12.26. Bank of America has a 52 week low of $6.72 and a 52 week high of $12.42. The stock’s 50-day moving average is currently $11.61. The company has a market cap of $132.7 billion and a P/E ratio of 47.68.

Bank of America last issued its quarterly earnings data on Thursday, January 17th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.17. The company had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.40 billion. During the same quarter last year, the company posted $0.15 earnings per share. Bank of America’s revenue was down 24.9% compared to the same quarter last year. On average, analysts predict that Bank of America will post $1.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Wednesday, February 27th.

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.