BidaskClub upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a sell rating to a hold rating in a report issued on Thursday.

A number of other brokerages have also weighed in on PBR. Credit Suisse Group reissued a buy rating and issued a $12.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, May 15th. ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating in a research note on Saturday, May 27th. Zacks Investment Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a research note on Tuesday, August 8th. TheStreet raised shares of Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a research note on Monday, August 7th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $10.51.

Shares of Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 9.17 on Thursday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $12.56. The stock’s market cap is $59.81 billion. The firm’s 50-day moving average price is $8.65 and its 200 day moving average price is $9.09.

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Institutional investors have recently made changes to their positions in the company. EFG Asset Management Americas Corp. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $100,000. Greenleaf Trust purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $101,000. IHT Wealth Management LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $103,000. D.A. Davidson & CO. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 276.6% in the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 9,843 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $110,000. 6.25% of the stock is currently owned by institutional investors.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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