BB Seguridade Participacoes (OTCMKTS:BBSEY) Sets New 52-Week High – Time to Buy?

BB Seguridade Participacoes SA (OTCMKTS:BBSEY)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $8.59 and last traded at $8.59, with a volume of 42,729 shares. The stock had previously closed at $8.42.

Analyst Upgrades and Downgrades

BBSEY has been the topic of a number of research analyst reports. Citigroup lowered BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Trading Up 3.3%

The company’s fifty day moving average is $7.90 and its 200-day moving average is $7.61. The firm has a market capitalization of $17.10 billion, a P/E ratio of 9.79 and a beta of 0.39.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $508.16 million for the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. On average, equities research analysts anticipate that BB Seguridade Participacoes SA will post 0.87 EPS for the current year.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.