Petroleo Brasileiro S.A.- Petrobras (PBR) : Analyst Rating Update

Petroleo Brasileiro S.A.- Petrobras (PBR) : 8 analysts are covering Petroleo Brasileiro S.A.- Petrobras (PBR) and their average rating on the stock is 3.88, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Petroleo Brasileiro S.A.- Petrobras (PBR) stock is expected to deviate a maximum of $4.16 from the average target price of $7.48 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $17 and the most muted being $3.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.74 and $6.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.00, notching a gain of 1.74% for the day. The total traded volume was 20,523,607 . The stock had closed at $6.88 on the previous day.

Also, JP Morgan upgrades its view on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. JP Morgan raises the price target from $5.8 per share to $7.4 per share on Petroleo Brasileiro S.A.- Petrobras. The rating by the firm was issued on May 24, 2016. The company shares have dropped -14.43% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.52 and the 200 Day Moving Average price is recorded at $5.33.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.

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