Banco Bradesco (NYSE:BAK) Lifted to Strong-Buy at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Banco Bradesco (NYSE:BAK) from a buy rating to a strong-buy rating in a report released on Friday, November 1st, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Banco Bradesco from a hold rating to a sell rating in a research note on Tuesday, October 29th.

Shares of BAK traded down $0.04 during trading hours on Friday, reaching $15.00. The stock had a trading volume of 268,896 shares, compared to its average volume of 298,533. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 3.58. Banco Bradesco has a 52 week low of $12.31 and a 52 week high of $30.38. The stock has a market cap of $5.94 billion, a P/E ratio of 7.61 and a beta of 1.06.

Banco Bradesco (NYSE:BAK) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 EPS for the quarter. The business had revenue of $3.40 billion during the quarter. Banco Bradesco had a net margin of 3.18% and a return on equity of 27.43%. On average, equities research analysts expect that Banco Bradesco will post 0.53 earnings per share for the current fiscal year.

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.

Recommended Story: What is Net Asset Value (NAV)?

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

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.