Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a sell rating to a hold rating in a report issued on Friday.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group set a $12.00 price objective on Petroleo Brasileiro S.A.- Petrobras and gave the stock a buy rating in a report on Tuesday, June 6th. ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating in a report on Saturday, May 27th. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating and set a $8.75 price objective for the company in a report on Tuesday, July 11th. TheStreet upgraded Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a report on Monday, August 7th. Finally, BidaskClub upgraded Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Petroleo Brasileiro S.A.- Petrobras has a consensus rating of Hold and an average target price of $10.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up 3.45% during mid-day trading on Friday, reaching $9.29. 22,328,977 shares of the company traded hands. The stock’s market capitalization is $60.59 billion. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56. The company’s 50-day moving average is $8.78 and its 200-day moving average is $9.05.

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Several institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $103,000. Friedberg Investment Management bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $164,000. Janus Henderson Group PLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $44,588,000. Capital International Investors increased its position in shares of 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 valued at $33,628,000 after buying an additional 15,258 shares during the last quarter. Finally, GLG Partners LP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $831,000. Hedge funds and other institutional investors own 5.71% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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

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