Credit Suisse upgraded shares of Petroleo Brasileiro SA (NYSE: PBR) from a neutral rating to an outperform rating in a research note issued to investors on Thursday.

Petroleo Brasileiro SA opened at 17.19 on Thursday. Petroleo Brasileiro SA has a 52-week low of $14.40 and a 52-week high of $28.87. The stock’s 50-day moving average is currently $16.85. The company has a market cap of $112.1 billion and a price-to-earnings ratio of 10.78.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a buy rating on shares of Petroleo Brasileiro SA in a research note to investors on Wednesday, March 6th. Separately, analysts at TheStreet reiterated a hold rating on shares of Petroleo Brasileiro SA in a research note to investors on Friday, March 1st. Finally, analysts at TheStreet reiterated a hold rating on shares of Petroleo Brasileiro SA in a research note to investors on Tuesday, February 19th.

Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company. The Company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international.

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