Zacks Research Upgrades BB Seguridade Participacoes (OTCMKTS:BBSEY) to “Hold”

BB Seguridade Participacoes (OTCMKTS:BBSEY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Itau BBA Securities upgraded shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

BB Seguridade Participacoes Stock Down 0.2%

BBSEY stock opened at $7.20 on Monday. The firm has a 50 day moving average of $7.81 and a two-hundred day moving average of $7.28. BB Seguridade Participacoes has a 12 month low of $5.80 and a 12 month high of $8.57. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 7.99 and a beta of 0.36.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. BB Seguridade Participacoes had a return on equity of 78.75% and a net margin of 87.94%.The business had revenue of $508.16 million for the quarter, compared to the consensus estimate of $489.08 million. On average, research analysts expect that BB Seguridade Participacoes will post 0.87 EPS for the current fiscal year.

About BB Seguridade Participacoes

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).