Banco Bradesco SA (NYSE:BBD) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

BBD has been the topic of several other reports. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, May 5th. ValuEngine downgraded shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Scotiabank raised shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.65.

Banco Bradesco SA (NYSE:BBD) remained flat at $9.90 during trading on Friday. The stock had a trading volume of 8,195,203 shares. The firm has a market capitalization of $60.24 billion, a PE ratio of 10.53 and a beta of 1.78. The firm has a 50 day moving average price of $8.77 and a 200 day moving average price of $9.14. Banco Bradesco SA has a one year low of $7.15 and a one year high of $10.37.

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Large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Banco Bradesco SA by 1.9% in the first quarter. Comerica Bank now owns 162,383 shares of the bank’s stock valued at $1,713,000 after buying an additional 2,994 shares in the last quarter. Dorsey Wright & Associates boosted its stake in shares of Banco Bradesco SA by 43.9% in the first quarter. Dorsey Wright & Associates now owns 177,615 shares of the bank’s stock valued at $1,819,000 after buying an additional 54,177 shares in the last quarter. US Bancorp DE boosted its stake in shares of Banco Bradesco SA by 4.4% in the first quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after buying an additional 468 shares in the last quarter. Henderson Group PLC boosted its stake in shares of Banco Bradesco SA by 74.8% in the first quarter. Henderson Group PLC now owns 852,760 shares of the bank’s stock valued at $8,737,000 after buying an additional 364,806 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of Banco Bradesco SA during the first quarter valued at $197,000. Hedge funds and other institutional investors own 2.92% of the company’s stock.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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