BANCO BRADESCO/S (NYSE:BBDO) Lowered to Strong Sell at ValuEngine

ValuEngine lowered shares of BANCO BRADESCO/S (NYSE:BBDO) from a sell rating to a strong sell rating in a research report released on Thursday, ValuEngine reports.

BBDO stock remained flat at $$8.08 on Thursday. The company had a trading volume of 560 shares, compared to its average volume of 13,188. BANCO BRADESCO/S has a one year low of $4.73 and a one year high of $9.48. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $79.33 billion, a P/E ratio of 10.60 and a beta of 0.99. The stock’s 50 day moving average price is $8.77.

The business also recently disclosed a dividend, which was paid on Monday, July 22nd. Investors of record on Tuesday, July 2nd were given a dividend of $0.034 per share. The ex-dividend date was Monday, July 1st.

Several institutional investors have recently bought and sold shares of BBDO. FIL Ltd boosted its position in shares of BANCO BRADESCO/S by 54.0% during the first quarter. FIL Ltd now owns 1,131,851 shares of the bank’s stock valued at $10,877,000 after buying an additional 396,957 shares during the period. Millennium Management LLC boosted its holdings in shares of BANCO BRADESCO/S by 16.4% in the fourth quarter. Millennium Management LLC now owns 80,672 shares of the bank’s stock valued at $697,000 after purchasing an additional 11,372 shares during the period. Jane Street Group LLC purchased a new stake in shares of BANCO BRADESCO/S in the fourth quarter valued at approximately $189,000. Finally, Northern Trust Corp purchased a new stake in shares of BANCO BRADESCO/S in the fourth quarter valued at approximately $297,000. 0.01% of the stock is owned by institutional investors and hedge funds.

About BANCO BRADESCO/S

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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