BB Seguridade Participacoes (OTCMKTS:BBSEY) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of BB Seguridade Participacoes (OTCMKTS:BBSEY – Free Report) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Get BB Seguridade Participacoes alerts:

Get Our Latest Report on BBSEY

BB Seguridade Participacoes Stock Performance

OTCMKTS:BBSEY opened at $8.00 on Tuesday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 9.20 and a beta of 0.37. BB Seguridade Participacoes has a 52 week low of $5.80 and a 52 week high of $8.58. The firm has a 50-day moving average price of $7.10 and a two-hundred day moving average price of $6.89.

BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $471.89 million during the quarter, compared to analyst estimates of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. As a group, sell-side analysts forecast that BB Seguridade Participacoes will post 0.87 earnings per share for the current year.

BB Seguridade Participacoes Company Profile

(Get Free Report)

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

Featured Stories

• Five stocks we like better than BB Seguridade Participacoes
• Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
• CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
• Meta and Cloud Computing: Real Potential, or a Shot in the Dark?

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