BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Rating Lowered by Zacks Research

BB Seguridade Participacoes (OTCMKTS:BBSEY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Separately, Citigroup cut BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

OTCMKTS BBSEY opened at $7.16 on Tuesday. The firm’s fifty day moving average price is $7.86 and its two-hundred day moving average price is $7.43. The stock has a market cap of $13.90 billion, a PE ratio of 7.87 and a beta of 0.39. BB Seguridade Participacoes has a fifty-two week low of $6.01 and a fifty-two week high of $8.81.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. The company had revenue of $505.31 million during the quarter, compared to analysts’ expectations of $498.02 million. As a group, sell-side analysts predict that BB Seguridade Participacoes will post 0.85 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações S.A. is a Brazilian holding company focused on insurance, pension, capitalization and related financial services. It provides these products primarily through subsidiaries and business partnerships, rather than directly to customers. Its businesses include insurance products such as life, property and rural coverage; private pension plans; capitalization bonds; and brokerage and distribution services. The company uses Banco do Brasil’s customer network to help distribute products.