Banco Bradesco (NYSE:BBD) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday, ValuEngine reports.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Banco Bradesco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Scotiabank lowered Banco Bradesco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Banco Bradesco has an average rating of “Hold” and a consensus price target of $10.00.

NYSE:BBD opened at $9.54 on Monday. Banco Bradesco has a 12-month low of $5.41 and a 12-month high of $10.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $75.18 billion, a PE ratio of 13.44, a P/E/G ratio of 0.53 and a beta of 0.93.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Banco Bradesco had a return on equity of 18.75% and a net margin of 15.96%. The business had revenue of $9.26 billion for the quarter, compared to analyst estimates of $6.51 billion. Analysts forecast that Banco Bradesco will post 0.78 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Duff & Phelps Investment Management Co. bought a new position in Banco Bradesco during the fourth quarter worth about $10,290,000. BNP Paribas Arbitrage SA lifted its holdings in Banco Bradesco by 98.9% during the first quarter. BNP Paribas Arbitrage SA now owns 764,762 shares of the bank’s stock worth $8,344,000 after acquiring an additional 380,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Banco Bradesco during the fourth quarter worth about $1,860,000. Baillie Gifford & Co. lifted its holdings in Banco Bradesco by 5.7% during the fourth quarter. Baillie Gifford & Co. now owns 21,015,442 shares of the bank’s stock worth $207,843,000 after acquiring an additional 1,136,159 shares in the last quarter. Finally, Marietta Investment Partners LLC bought a new position in Banco Bradesco during the first quarter worth about $2,853,000. Hedge funds and other institutional investors own 2.47% of the company’s stock.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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