Banco Bradesco SA (BBD) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Banco Bradesco SA (NYSE:BBD) from a sell rating to a hold rating in a research note released on Wednesday.
According to Zacks, “Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors. “
A number of other equities analysts also recently issued reports on BBD. BidaskClub raised Banco Bradesco SA from a buy rating to a strong-buy rating in a report on Sunday, July 16th. ValuEngine raised Banco Bradesco SA from a buy rating to a strong-buy rating in a report on Friday, September 1st. Scotiabank downgraded Banco Bradesco SA from an outperform rating to a sector perform rating in a report on Tuesday, September 5th. Finally, Goldman Sachs Group, Inc. (The) raised Banco Bradesco SA from a neutral rating to a buy rating and set a $12.40 price objective for the company in a report on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Banco Bradesco SA currently has a consensus rating of Buy and an average price target of $12.40.
Banco Bradesco SA (NYSE:BBD) opened at $9.99 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $67,538.23, a P/E ratio of 10.58, a P/E/G ratio of 1.01 and a beta of 1.76. Banco Bradesco SA has a fifty-two week low of $7.15 and a fifty-two week high of $11.86.
TRADEMARK VIOLATION WARNING: “Banco Bradesco SA (BBD) Upgraded at Zacks Investment Research” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/11/11/banco-bradesco-sa-bbd-upgraded-at-zacks-investment-research.html.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 5th will be issued a $0.0058 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, December 4th. Banco Bradesco SA’s payout ratio is currently 8.00%.
Several hedge funds have recently bought and sold shares of BBD. Aberdeen Asset Management PLC UK boosted its holdings in shares of Banco Bradesco SA by 20.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after acquiring an additional 30,239,397 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Banco Bradesco SA in the second quarter valued at approximately $114,050,000. Franklin Resources Inc. boosted its holdings in shares of Banco Bradesco SA by 35.8% in the second quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock valued at $220,639,000 after acquiring an additional 6,842,060 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Banco Bradesco SA by 17.8% in the second quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after acquiring an additional 5,844,907 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Banco Bradesco SA by 60.1% in the second quarter. Royal Bank of Canada now owns 14,951,070 shares of the bank’s stock valued at $127,084,000 after acquiring an additional 5,613,914 shares during the period. 2.79% of the stock is owned by institutional investors and hedge funds.
Banco Bradesco SA Company Profile
Banco Bradesco SA is a commercial bank. The Bank 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. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related companies with MarketBeat.com's FREE daily email newsletter.