Itau Unibanco Banco Holding SA (ITUB) : Analyst Rating Update

Itau Unibanco Banco Holding SA (ITUB) : Zacks Investment Research ranks Itau Unibanco Banco Holding SA (ITUB) as 2, which is a Buy recommendation. 3 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 5 research analysts is 2.6, which indicates as a Hold.

Itau Unibanco Banco Holding SA (ITUB) : 2 Wall Street analysts covering Itau Unibanco Banco Holding SA (ITUB) believe that the average level the stock could reach for the short term is $7.5. The maximum price target given is $8 and the minimum target for short term is around $7, hence the standard deviation is calculated at $0.71.

Itau Unibanco Banco Holding SA (NYSE:ITUB): The stock opened at $9.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.29 for the day. The stock traded down to $9.01 during the day, due to lack of any buying support eventually closed down at $9.25 with a loss of -0.27% for the day. The stock had closed at $9.28 on the previous day. The total traded volume was 11,673,052 shares.

Also, In a research note released to the investors, HSBC downgrades its rating on Itau Unibanco Banco Holding SA (NYSE:ITUB).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 2, 2016. The company shares have dropped -10.34% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $11.15 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $8.58 and the 200 Day Moving Average price is recorded at $7.80.

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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