Banco Bradesco (NYSE:BAK) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Banco Bradesco (NYSE:BAK) from a sell rating to a hold rating in a research report report published on Monday morning, reports.

According to Zacks, “Braskem SA figures as the largest petrochemical operation in Latin America and among the five largest private companies in Brazil. With industrial facilities located in Alagoas, Bahia, São Paulo and Rio Grande do Sul, Braskem produces primary base petrochemicals such as ethylene, propylene, benzene, caprolactam, DMT and termoplastic resins (polypropylene, polyethylene, PVC and PET) gas and GLP. “

Separately, ValuEngine raised shares of Banco Bradesco from a buy rating to a strong-buy rating in a research note on Friday, November 1st.

BAK traded up $0.01 during trading on Monday, reaching $13.86. The company’s stock had a trading volume of 28,280 shares, compared to its average volume of 86,081. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.79 and a quick ratio of 0.46. Banco Bradesco has a 1 year low of $12.31 and a 1 year high of $30.38. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 7.04 and a beta of 1.06.

Banco Bradesco Company Profile

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.

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