Banco Bradesco SA (BBDO) Rating Lowered to Buy at ValuEngine

The average revenue per share growth rate of Banco Bradesco S.A. during the past 12 months was 23.8 percent. Additionally, it offers credit, debit, and pre-paid cards; cash management solutions; public authority solutions; asset management services; services related to capital markets and investment banking activities; intermediation and trading services; capital markets solutions; global banking services; import and export financing; consortiums; and receipts and payments solutions. Zacks Investment Research upgraded shares of Banco Bradesco SA from a sell rating to a hold rating in a research report on Thursday, March 30th.

Recent session action on shares of Banco Bradesco S.A. (NYSE:BBD) puts the stock on today's active list. Finally, Vanguard Group Inc. boosted its position in shares of Banco Bradesco SA by 5.3% in the first quarter. BidaskClub raised Banco Bradesco SA from a "hold" rating to a "buy" rating in a report on Saturday, July 1st. US Bancorp DE boosted its position in Banco Bradesco SA by 4.4% in the first quarter. Tower Research Capital LLC (trc) now owns 600 shares with a value of $6,000. Scotiabank upgraded Banco Bradesco SA from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 11th. The company has a market capitalization of $55.98 billion, a price-to-earnings ratio of 10.36 and a beta of 1.71.

Banco Bradesco SA (NYSE BBD) traded down 0.699% during midday trading on Monday, hitting $9.235.

Yet another important factor while evaluating a good buy/sell decision for U.S. Bancorp (USB) is its Earnings per Share or EPS. The company saw 0.75 million shares trade hands over the course of the day. The fund owned 8,765,783 shares of the bank's stock after buying an additional 271,646 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Banco Bradesco SA during the second quarter worth approximately $114,050,000.

A number of equities analysts have recently issued reports on the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company now has an average rating of "Buy" and an average target price of $10.65. Ltd. boosted its stake in shares of Banco Bradesco SA by 108.9% in the fourth quarter. The stock price recently experienced a 5-day gain of 4.97% with 0.09 average true range (ATR). LLC now owns 10,961 shares of the bank's stock worth $112,000 after buying an additional 466 shares during the period.

Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, April 27th. Banco Bradesco SA had a return on equity of 18.06% and a net margin of 9.08%. Allegis Investment Advisors LLC boosted its position in shares of Banco Bradesco SA by 30.1% in the first quarter. The current consensus recommendation provided by covering analysts is 2.80.

The company also recently disclosed a special dividend, which will be paid on Friday, September 8th. Bank of America Corp DE now owns 9,578,666 shares of the bank's stock worth $98,086,000 after buying an additional 3,860,878 shares in the last quarter.

The ability for Banco Bradesco S.A., to deal with debt, means it current ratio is *TBA, and quick ratio is *TBA. This dividend amount will represent a yeild of $0.78.

Want to see what other hedge funds are holding BBD?

TRADEMARK VIOLATION NOTICE: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/07/17/banco-bradesco-sa-bbd-cut-to-buy-at-valuengine-updated-updated.html. Additionally, it offers credit, debit, and pre-paid cards; cash management solutions; public authority solutions; asset management services; services related to capital markets and investment banking activities; intermediation and trading services; capital markets solutions; global banking services; import and export financing; consortiums; and receipts and payments solutions.

Banco Bradesco SA is a commercial bank.

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