BB Seguridade Participacoes (OTCMKTS:BBSEY) Hits New 1-Year High – Here’s Why

BB Seguridade Participacoes SA (OTCMKTS:BBSEY) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $8.59 and last traded at $8.55, with a volume of 18590 shares trading hands. The stock had previously closed at $7.80.

Analyst Ratings Changes

Several research analysts have weighed in on BBSEY shares. Citigroup downgraded shares of BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Zacks Research upgraded shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Itau BBA Securities raised shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BB Seguridade Participacoes has an average rating of “Reduce”.

BB Seguridade Participacoes Price Performance

The company has a market cap of $15.65 billion, a P/E ratio of 8.96 and a beta of 0.39. The stock has a fifty day moving average price of $7.81 and a two-hundred day moving average price of $7.46.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. Equities analysts predict that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current fiscal year.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.

Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.