BB Seguridade Participacoes (OTCMKTS:BBSEY) Hits New 52-Week High – What’s Next?

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY) hit a new 52-week high on Thursday. The company traded as high as $8.59 and last traded at $8.59, with a volume of 42,729 shares. The stock had previously closed at $8.42.

Analyst Ratings Changes

Several equities analysts recently issued reports on BBSEY shares. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Citigroup downgraded shares of BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

BB Seguridade Participacoes Stock Up 1.3%

The business has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $7.59. The company has a market capitalization of $16.56 billion, a P/E ratio of 9.48 and a beta of 0.39.

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

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.