Itau Unibanco (ITUB) Upgraded to “Buy” by ValuEngine
Itau Unibanco (NYSE:ITUB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Other research analysts have also issued reports about the company. Morgan Stanley raised Itau Unibanco from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Citigroup lowered Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Finally, Zacks Investment Research lowered Itau Unibanco from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.50.
ITUB opened at $13.87 on Friday. The firm has a market capitalization of $87.86 billion, a PE ratio of 12.17, a P/E/G ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.77 and a quick ratio of 1.77. Itau Unibanco has a 12 month low of $9.85 and a 12 month high of $16.98.
About Itau Unibanco
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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