Brokerage Firm Rating Update on Itau Unibanco Banco Holding SA (ITUB)

Itau Unibanco Banco Holding SA (ITUB) : Zacks Investment Research ranks Itau Unibanco Banco Holding SA (ITUB) as 1, which is a Strong Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 6 research analysts is 2.33, which indicates as a Buy.

Itau Unibanco Banco Holding SA (ITUB) : 3 Wall Street analysts covering Itau Unibanco Banco Holding SA (ITUB) believe that the average level the stock could reach for the short term is $9. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.73.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, JP Morgan maintains its rating on Itau Unibanco Banco Holding SA (NYSE:ITUB).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $9 per share to $11 per share. The rating by the firm was issued on August 16, 2016.

Itau Unibanco Banco Holding SA (NYSE:ITUB): stock was range-bound between the intraday low of $11.22 and the intraday high of $11.4999 after having opened at $11.48 on Wednesdays session. The stock finally closed in the red at $11.48, a loss of -0.95%. The stock remained in the red for the whole trading day. The total traded volume was 19,934,173 shares. The stock failed to cross $11.4999 in Wednesdays trading. The stocks closing price on Thursday was $11.56.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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