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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Itau Unibanco by 143.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,000 shares of the bank’s stock worth $110,000 after acquiring an additional 5,889 shares in the last quarter. Point View Wealth Management Inc. acquired a new position in Itau Unibanco during the 2nd quarter valued at about $106,000. MML Investors Services LLC acquired a new position in Itau Unibanco during the 3rd quarter valued at about $117,000. Global Thematic Partners LLC acquired a new position in Itau Unibanco during the 3rd quarter valued at about $125,000. Finally, Iberiabank Corp acquired a new position in Itau Unibanco during the 3rd quarter valued at about $154,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

About Itau Unibanco

Ita├║ 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.

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Analyst Recommendations for Itau Unibanco (NYSE:ITUB)

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