Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Tuesday, July 11th. Credit Suisse Group set a $12.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “buy” rating in a report on Tuesday, June 6th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Finally, TheStreet upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.51.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up 0.640% during trading on Wednesday, reaching $8.645. 5,102,611 shares of the company traded hands. The stock’s market capitalization is $56.38 billion. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56. The firm’s 50 day moving average is $8.45 and its 200-day moving average is $9.15.

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Several large investors have recently bought and sold shares of PBR. Baillie Gifford & Co. boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 29.6% in the first quarter. Baillie Gifford & Co. now owns 16,068,940 shares of the oil and gas exploration company’s stock worth $155,708,000 after buying an additional 3,674,430 shares during the last quarter. Axiom International Investors LLC DE boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 1.9% in the first quarter. Axiom International Investors LLC DE now owns 7,308,455 shares of the oil and gas exploration company’s stock worth $70,819,000 after buying an additional 134,165 shares during the last quarter. Janus Capital Management LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 2.3% in the first quarter. Janus Capital Management LLC now owns 5,828,059 shares of the oil and gas exploration company’s stock worth $56,474,000 after buying an additional 129,966 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth approximately $44,588,000. Finally, Capital International Investors boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the second quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock worth $33,628,000 after buying an additional 15,258 shares during the last quarter. Hedge funds and other institutional investors own 6.25% of the company’s stock.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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