Banco Bradesco SA (NYSE:BBD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors. “

Several other research analysts have also recently weighed in on BBD. BidaskClub cut shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target on the stock in a research note on Monday, September 11th. ValuEngine cut shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Scotiabank upgraded shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $12.40.

Shares of Banco Bradesco SA (BBD) opened at 11.68 on Tuesday. The company has a market cap of $71.07 billion, a PE ratio of 12.84 and a beta of 1.77. Banco Bradesco SA has a one year low of $7.15 and a one year high of $11.76. The firm’s 50-day moving average is $11.00 and its 200-day moving average is $9.58.

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Institutional investors have recently modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Banco Bradesco SA during the 1st quarter worth $109,000. US Bancorp DE boosted its stake in shares of Banco Bradesco SA by 4.4% during the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock worth $113,000 after acquiring an additional 468 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Banco Bradesco SA during the 1st quarter worth $114,000. ZWJ Investment Counsel Inc. boosted its stake in shares of Banco Bradesco SA by 1.4% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock worth $133,000 after acquiring an additional 217 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Banco Bradesco SA by 27.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 18,928 shares of the bank’s stock worth $194,000 after acquiring an additional 4,073 shares during the last quarter. Institutional investors and hedge funds own 2.65% of the company’s stock.

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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