Banco Bradesco (BBDO) Upgraded to Strong-Buy by ValuEngine
Banco Bradesco (NYSE:BBDO) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.
Shares of Banco Bradesco (NYSE:BBDO) traded down $0.08 on Wednesday, hitting $9.93. 582 shares of the stock traded hands, compared to its average volume of 9,157. The firm has a market capitalization of $31,277.88, a PE ratio of 13.24 and a beta of 1.68. Banco Bradesco has a 1-year low of $7.47 and a 1-year high of $11.79.
An institutional investor recently bought a new position in Banco Bradesco stock. Citadel Advisors LLC purchased a new position in shares of Banco Bradesco SA (NYSE:BBDO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,626 shares of the bank’s stock, valued at approximately $119,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.
Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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