Banco Bradesco SA (NYSE:BBD) was upgraded by equities researchers at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research note issued on Monday.

A number of other analysts have also issued reports on BBD. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub lowered Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Scotiabank upgraded Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $10.65.

Shares of Banco Bradesco SA (NYSE BBD) opened at 10.99 on Monday. The stock has a 50 day moving average price of $10.20 and a 200-day moving average price of $9.35. Banco Bradesco SA has a 12 month low of $7.15 and a 12 month high of $11.16. The stock has a market cap of $66.87 billion, a P/E ratio of 12.05 and a beta of 1.75.

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Several large investors have recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. raised its holdings in shares of Banco Bradesco SA by 1.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock worth $133,000 after acquiring an additional 217 shares in the last quarter. Ronald Blue & Co. LLC raised its holdings in shares of Banco Bradesco SA by 4.4% during the first quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock worth $112,000 after acquiring an additional 466 shares in the last quarter. US Bancorp DE raised its holdings in shares of Banco Bradesco SA by 4.4% during the first quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock worth $113,000 after acquiring an additional 468 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Banco Bradesco SA by 7.2% during the second quarter. Checchi Capital Advisers LLC now owns 24,028 shares of the bank’s stock worth $204,000 after acquiring an additional 1,612 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of Banco Bradesco SA by 10.0% during the second quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock worth $181,000 after acquiring an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 2.65% of the company’s stock.

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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