BB Seguridade Participacoes (OTCMKTS:BBSEY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of BB Seguridade Participacoes (OTCMKTS:BBSEY) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Separately, Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

BB Seguridade Participacoes Price Performance

OTCMKTS BBSEY opened at $7.20 on Monday. The company’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.28. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.57. The stock has a market capitalization of $13.97 billion, a PE ratio of 7.99 and a beta of 0.36.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $508.16 million during the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 78.75%. On average, research analysts anticipate that BB Seguridade Participacoes will post 0.87 EPS for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).