BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research cut shares of BB Seguridade Participacoes (OTCMKTS:BBSEY) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks reports.

Separately, Citigroup downgraded shares of BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, BB Seguridade Participacoes presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

Shares of BBSEY stock opened at $7.16 on Tuesday. The stock has a 50 day moving average price of $7.86 and a 200 day moving average price of $7.43. BB Seguridade Participacoes has a 52-week low of $6.01 and a 52-week high of $8.81. The firm has a market capitalization of $13.90 billion, a P/E ratio of 7.87 and a beta of 0.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Tuesday, November 3rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $505.31 million during the quarter, compared to the consensus estimate of $498.02 million. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. As a group, sell-side analysts forecast that BB Seguridade Participacoes will post 0.85 EPS for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações S.A. is a Brazilian holding company focused on insurance, pension, capitalization and related financial services. It provides these products primarily through subsidiaries and business partnerships, rather than directly to customers. Its businesses include insurance products such as life, property and rural coverage; private pension plans; capitalization bonds; and brokerage and distribution services. The company uses Banco do Brasil’s customer network to help distribute products.