Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by stock analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a report issued on Friday.

Other research analysts have also issued research reports about the company. Credit Suisse Group set a $12.00 target price on Petroleo Brasileiro S.A.- Petrobras and gave the company a “buy” rating in a research report on Tuesday, June 6th. ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Tuesday, July 11th. TheStreet upgraded Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. Finally, BidaskClub upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up 3.12% during trading on Friday, hitting $9.26. 7,688,948 shares of the stock traded hands. The stock’s market cap is $60.40 billion. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $7.61 and a 52-week high of $12.56. The stock has a 50 day moving average price of $8.76 and a 200-day moving average price of $9.06.

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Several hedge funds have recently modified their holdings of the company. AGF Investments Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% in the first quarter. AGF Investments Inc. now owns 85,789 shares of the oil and gas exploration company’s stock worth $831,000 after buying an additional 6,614 shares during the period. Stevens Capital Management LP increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 71.6% in the first quarter. Stevens Capital Management LP now owns 81,280 shares of the oil and gas exploration company’s stock worth $788,000 after buying an additional 33,912 shares during the period. Karp Capital Management Corp bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $5,230,000. Teza Capital Management LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $152,000. Finally, Princeton Alpha Management LP bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $115,000. 5.71% of the stock is owned by institutional investors and hedge funds.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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

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