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

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

BBDO traded down $0.40 during trading hours on Thursday, hitting $7.68. 2,723 shares of the company’s stock were exchanged, compared to its average volume of 13,544. BANCO BRADESCO/S has a 1-year low of $4.73 and a 1-year high of $9.48. The firm has a 50-day moving average price of $8.77. 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 also recently announced a dividend, which was paid on Monday, July 22nd. Investors of record on Tuesday, July 2nd were issued a dividend of $0.034 per share. The ex-dividend date was Monday, July 1st.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp bought a new stake in BANCO BRADESCO/S during the fourth quarter worth $297,000. Jane Street Group LLC bought a new stake in BANCO BRADESCO/S during the fourth quarter worth $189,000. FIL Ltd raised its position in BANCO BRADESCO/S by 54.0% during the first quarter. FIL Ltd now owns 1,131,851 shares of the bank’s stock worth $10,877,000 after acquiring an additional 396,957 shares in the last quarter. Finally, Millennium Management LLC raised its position in BANCO BRADESCO/S by 16.4% during the fourth quarter. Millennium Management LLC now owns 80,672 shares of the bank’s stock worth $697,000 after acquiring an additional 11,372 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.

Read More: Return on Investment (ROI)

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

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