Somewhat Positive Press Coverage Somewhat Unlikely to Affect Banco Bradesco SA (BBD) Stock Price
Media coverage about Banco Bradesco SA (NYSE:BBD) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Banco Bradesco SA earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.984339080939 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Banco Bradesco goes ex-dividend toorrow (seekingalpha.com)
- Banco Bradesco SA (BBD) Short Interest Down 25.3% in September (americanbankingnews.com)
- ETFs with exposure to Banco Bradesco SA : September 26, 2017 (finance.yahoo.com)
- Banco Bradesco SA : BBD-US: Dividend Analysis : September 07th, 2017 (record date) : By the numbers : September 28, 2017 (finance.yahoo.com)
- Active Stocks Getting Hammered: Banco Bradesco SA (NYSE:BBD) – NASDAQ Times (nasdaqtimes.com)
A number of analysts have commented on the company. Zacks Investment Research downgraded Banco Bradesco SA from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. ValuEngine downgraded Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Scotiabank upgraded Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Banco Bradesco SA presently has an average rating of “Buy” and an average price target of $12.40.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 11.68 on Thursday. The firm has a 50 day moving average price of $11.00 and a 200-day moving average price of $9.58. The company has a market cap of $71.07 billion, a P/E ratio of 12.84 and a beta of 1.77. Banco Bradesco SA has a 12 month low of $7.15 and a 12 month high of $11.76.
The company also recently announced a special dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, October 4th will be given a $0.0061 dividend. This is an increase from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a dividend yield of 0.64%. Banco Bradesco SA’s dividend payout ratio is presently 7.86%.
Banco Bradesco SA Company Profile
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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