BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Rating Lowered by Zacks Research

BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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BB Seguridade Participacoes Price Performance

Shares of BBSEY opened at $8.00 on Tuesday. The business’s fifty day moving average price is $7.10 and its 200 day moving average price is $6.89. BB Seguridade Participacoes has a 12-month low of $5.80 and a 12-month high of $8.58. The stock has a market capitalization of $15.53 billion, a PE ratio of 9.20 and a beta of 0.37.

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

About BB Seguridade Participacoes

(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).

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