Brokerage Firm Rating Update on Banco Bradesco Sa (BBD)

Banco Bradesco Sa (BBD) : The consensus on Banco Bradesco Sa (BBD) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Banco Bradesco Sa (BBD) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $4. The average forecast of all the analysts is $6.31 and the expected standard deviation is $1.79.


Company shares have received an average consensus rating of Hold for the current week

Banco Bradesco Sa (NYSE:BBD): The stock was completely flat for the day, closing at $9.30 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $9.13, the stock touched an intraday high of $9.36 and a low of $9.11. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.30. The total trading volume on Wednesday was 8,405,492.

Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services. The Bank operates in two segments: banking and insurance. The banking segment includes a range of banking activities, serving individual and corporate customers in the investment banking, national and international banking operations, and asset management and consortium administration operations. The insurance segment covers auto, health, life, accident and property insurance and pension plans as well as capitalization bonds.

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