Banco Bradesco Sa (BBD) : Analyst Rating Update

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 $6.14 and the expected standard deviation is $1.79.

Banco Bradesco Sa (NYSE:BBD): The stock opened at $7.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.72 for the day. The stock traded down to $7.46 during the day, due to lack of any buying support eventually closed down at $7.71 with a loss of -0.13% for the day. The stock had closed at $7.72 on the previous day. The total traded volume was 9,107,858 shares.

Also, Brokerage firm UBS downgrades its rating on Banco Bradesco Sa (NYSE:BBD). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 5, 2016. The company shares have rallied 0.02% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.54 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $7.07 and the 200 Day Moving Average price is recorded at $6.02.

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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