Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “buy” rating and set a $11.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Tuesday, April 18th. BidaskClub upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Barclays PLC reiterated an “underweight” rating and set a $8.00 price objective (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.51.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded down 1.12% during midday trading on Monday, reaching $8.80. The company’s stock had a trading volume of 4,780,075 shares. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $7.61 and a 12 month high of $12.56. The stock’s 50 day moving average is $8.29 and its 200 day moving average is $9.30. The stock’s market capitalization is $57.40 billion.

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Institutional investors have recently bought and sold shares of the stock. EFG Asset Management Americas Corp. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $100,000. Greenleaf Trust bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $101,000. Oppenheimer & Co. Inc. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $110,000. Jacobi Capital Management LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 585.5% in the first quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock valued at $113,000 after buying an additional 9,895 shares in the last quarter. Finally, Princeton Alpha Management LP bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $115,000. Institutional investors and hedge funds own 6.25% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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