Zacks: Banco Bradesco S.A. (NYSE:BAK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Banco Bradesco S.A. (NYSE:BAK) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus price objective of $17.00 for the company and are predicting that the company will post ($0.41) EPS for the current quarter, according to Zacks. Zacks has also assigned Banco Bradesco an industry rank of 84 out of 255 based on the ratings given to related companies.

A number of analysts recently weighed in on BAK shares. Zacks Investment Research cut shares of Banco Bradesco from a “hold” rating to a “strong sell” rating in a research note on Monday, November 18th. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st.

Shares of Banco Bradesco stock traded up $0.05 during trading on Friday, reaching $13.62. The company’s stock had a trading volume of 129,851 shares, compared to its average volume of 285,676. Banco Bradesco has a fifty-two week low of $12.31 and a fifty-two week high of $30.38. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 6.92 and a beta of 1.04. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.77 and a quick ratio of 0.48.

About Banco Bradesco

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through five segments: Chemicals, Polyolefins, United States and Europe, Mexico, Vinyls. The Chemicals segment produces and sells ethylene, propylene butadiene, toluene, xylene, cumene, and benzene, as well as gasoline, diesel and liquefied petroleum gas, and other petroleum derivatives; and supplies electric energy, steam, compressed air, and other inputs to second-generation producers.

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