PETROLEO BRASIL/ADR (PBR) Upgraded by UBS Group to “Buy”

PETROLEO BRASIL/ADR (NYSE:PBR) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, www.briefing.com reports.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of PETROLEO BRASIL/ADR in a research note on Thursday, January 31st. ValuEngine raised PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research raised PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Barclays lowered PETROLEO BRASIL/ADR from an “overweight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research note on Thursday, January 10th. Finally, Morgan Stanley raised PETROLEO BRASIL/ADR from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.48.

PBR stock opened at $16.26 on Tuesday. PETROLEO BRASIL/ADR has a 1 year low of $9.02 and a 1 year high of $17.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.18 and a current ratio of 1.60. The company has a market capitalization of $106.05 billion, a P/E ratio of 23.23 and a beta of 1.60.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital Growth Management LP raised its holdings in PETROLEO BRASIL/ADR by 28.0% in the 3rd quarter. Capital Growth Management LP now owns 8,000,000 shares of the oil and gas exploration company’s stock valued at $96,560,000 after acquiring an additional 1,750,000 shares during the last quarter. Bamco Inc. NY raised its holdings in PETROLEO BRASIL/ADR by 14.9% in the 3rd quarter. Bamco Inc. NY now owns 7,912,703 shares of the oil and gas exploration company’s stock valued at $95,506,000 after acquiring an additional 1,026,622 shares during the last quarter. Axiom International Investors LLC DE raised its holdings in PETROLEO BRASIL/ADR by 137.5% in the 3rd quarter. Axiom International Investors LLC DE now owns 4,999,257 shares of the oil and gas exploration company’s stock valued at $60,341,000 after acquiring an additional 2,894,657 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in PETROLEO BRASIL/ADR in the 3rd quarter valued at $48,728,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in PETROLEO BRASIL/ADR by 122.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,478,842 shares of the oil and gas exploration company’s stock valued at $32,250,000 after acquiring an additional 1,364,490 shares during the last quarter. Institutional investors own 6.68% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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Analyst Recommendations for PETROLEO BRASIL/ADR (NYSE:PBR)

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