Inter & Co. Inc. (NASDAQ:INTR) Upgraded to “Hold” at Zacks Research

Inter & Co. Inc. (NASDAQ:INTR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research firms have also recently issued reports on INTR. Weiss Ratings reissued a “hold (c)” rating on shares of Inter & Co. Inc. in a research report on Tuesday, October 6th. The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a research report on Thursday, October 29th. UBS Group upped their price target on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Inter & Co. Inc. has an average rating of “Hold” and an average price target of $9.30.

Inter & Co. Inc. Stock Down 1.0%

INTR opened at $3.96 on Monday. Inter & Co. Inc. has a 12 month low of $3.75 and a 12 month high of $10.36. The business has a 50-day moving average of $5.62 and a two-hundred day moving average of $6.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 0.20 and a beta of 1.01.

Institutional Investors Weigh In On Inter & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in the company. Drive Wealth Management LLC purchased a new position in shares of Inter & Co. Inc. in the 3rd quarter worth about $142,000. Diversified Trust Co acquired a new position in shares of Inter & Co. Inc. in the 3rd quarter valued at about $424,000. Russell Investments Group Ltd. purchased a new stake in shares of Inter & Co. Inc. during the 3rd quarter worth about $798,000. R Squared Ltd grew its holdings in shares of Inter & Co. Inc. by 31.6% during the 3rd quarter. R Squared Ltd now owns 18,435 shares of the company’s stock worth $98,000 after purchasing an additional 4,426 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Inter & Co. Inc. by 6.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 189,269 shares of the company’s stock worth $1,011,000 after purchasing an additional 10,850 shares during the period. Hedge funds and other institutional investors own 22.90% of the company’s stock.

Inter & Co. Inc. Company Profile

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.