Banco Bradesco SA (NYSE:BBD) Upgraded at Goldman Sachs Group, Inc

The P/E ratio is now 12.60 and market capitalization is 70.10B. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The shares went up by 11.4% in value last month.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $69.92B. At present, 1 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The stock now has a consensus rating of "Buy" and an average target price of $12.20.

The stock of Banco Bradesco S.A. (NYSE:BBDO) hit a new 52-week high and has $11.87 target or 5.00 % above today's $11.30 share price. The 50 day moving average was up by +8.80% whereas the 200 day average was up by +22.21%. They are also projecting the Low EPS estimate of $0.2 and the High EPS estimate of $0.24. Information in this release is fact checked and produced by competent editors of Hot Stocks Point; however, human error can exist.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. The correct version of this piece of content can be accessed at https://weekherald.com/2017/09/21/banco-bradesco-sa-bbd-upgraded-at-goldman-sachs-group-inc-the.html. Additionally the company recently announced a dividend for shareholders which was paid on Tuesday August 8th, 2017. The ex-dividend date is Tuesday, October 3rd.

Let's view some technical levels on shares of Banco Bradesco SA (BBD). 0 of these were buys and 0 were sells. Aberdeen Asset Management PLC UK grew its stake in Banco Bradesco SA by 20.1% in the 2nd quarter.

04/27/2016 - Banco Bradesco Sa had its "equal weight" rating reiterated by analysts at Barclays. State of New Jersey Common Pension Fund D lifted its stake in Banco Bradesco SA by 21.6% in the first quarter. This works out to a net decrease in ownership of 187135 shares, and suggests that institutions are feeling bearish about the stock. US Bancorp DE boosted its stake in Banco Bradesco SA by 4.4% in the 1st quarter. Exane Derivatives claims 5,203 shares valued at $44,217,000. The stock has a market capitalization of $70.22 billion, a P/E ratio of 12.63 and a beta of 1.75. Checchi Capital Advisers LLC now owns 24,028 shares of the bank's stock worth $204,000 after purchasing an additional 1,612 shares in the last quarter. Also, Banco Bradesco S.A. (BBD) needs to expand a 52.38% increase it experienced over the past twelve months. Hedge funds and other institutional investors own 2.65% of the company's stock.

03/14/2016 - Banco Bradesco Sa was upgraded to "buy" by analysts at Bank of America Merrill Lynch. In addition, it offers other corporate loans and advances, such as short-term loans; working capital loans; corporate overdraft loans; discounting trade receivables, promissory notes, checks, credit card and supplier receivables, etc.; financing for purchase and sale of goods and services; investment lines for acquisition of assets and machinery; rural loans; and microcredit to low-income individuals and small companies. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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