Bombardier Inc. (TSE:BBD) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Bombardier Inc. (TSE:BBD) have received an average recommendation of “Reduce” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of analysts have recently weighed in on the stock. Cibc Captl Mkts downgraded shares of Bombardier from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank lowered Bombardier from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group cut Bombardier from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Wolfe Research lowered Bombardier from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th.

Bombardier Stock Performance

Bombardier has a fifty-two week low of C$7.83 and a fifty-two week high of C$13.18.

About Bombardier

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.