Banco Bradesco SA (NYSE:BBD) Earning Somewhat Favorable News Coverage, Accern Reports
News coverage about Banco Bradesco SA (NYSE:BBD) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Banco Bradesco SA earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.78964156388 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Should You Sell Banco Bradesco (BBD) Before Earnings? (finance.yahoo.com)
- Banco Bradesco SA (BBD) Shares Bought by Daiwa Securities Group Inc (lazeresportes.com)
- Banco Bradesco SA (NYSE:BBDO) Declares Special Dividend of $0.01 (expressnewsline.com)
- Banco Bradesco SA (BBD) Raised to “Strong-Buy” at BidaskClub (footballhebdo.com)
- Banco Bradesco SA (NYSE:BBD) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
Banco Bradesco SA (NYSE:BBD) traded down 1.08% on Wednesday, hitting $10.04. The stock had a trading volume of 7,515,562 shares. Banco Bradesco SA has a 12 month low of $7.15 and a 12 month high of $10.37. The company’s 50 day moving average is $8.92 and its 200-day moving average is $9.15. The stock has a market cap of $61.09 billion, a P/E ratio of 10.69 and a beta of 1.78.
The company also recently declared a special dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 4th will be issued a $0.0058 dividend. This represents a dividend yield of 7.47%. The ex-dividend date is Wednesday, August 2nd. Banco Bradesco SA’s dividend payout ratio is currently 7.95%.
A number of research firms have issued reports on BBD. Zacks Investment Research upgraded Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, April 18th. Scotiabank upgraded Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 11th. BidaskClub upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.65.
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About Banco Bradesco SA
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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