Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.01.

PBR has been the subject of a number of recent analyst reports. Deutsche Bank AG upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group set a $12.00 price objective on Petroleo Brasileiro S.A.- Petrobras and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub cut Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, May 27th.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded down 3.16% during mid-day trading on Friday, reaching $9.80. The company had a trading volume of 17,266,239 shares. The stock’s market capitalization is $63.92 billion. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $7.61 and a 1-year high of $12.56. The firm has a 50-day moving average price of $8.93 and a 200-day moving average price of $9.02.

WARNING: “Petroleo Brasileiro S.A.- Petrobras (PBR) Receives Average Recommendation of “Hold” from Brokerages” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/09/09/petroleo-brasileiro-s-a-petrobras-pbr-receives-average-recommendation-of-hold-from-brokerages.html.

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth $103,000. EFG Asset Management Americas Corp. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth $100,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth $110,000. Jacobi Capital Management LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 585.5% in the 1st quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock worth $113,000 after buying an additional 9,895 shares during the period. Finally, Princeton Alpha Management LP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth $115,000. Institutional investors and hedge funds 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)

Receive News & Ratings for Petroleo Brasileiro S.A.- Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleo Brasileiro S.A.- Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.