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

BB Seguridade Participacoes (OTCMKTS:BBSEY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Itau BBA Securities upgraded 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.com, the company currently has an average rating of “Hold”.

BB Seguridade Participacoes Trading Up 4.7%

OTCMKTS BBSEY opened at $8.00 on Tuesday. The company has a fifty day simple moving average of $7.10 and a 200 day simple moving average of $6.89. BB Seguridade Participacoes has a 12-month low of $5.80 and a 12-month high of $8.58. The company has a market cap of $15.53 billion, a P/E ratio of 9.20 and a beta of 0.37.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $471.89 million during the quarter, compared to the consensus estimate of $529.60 million. Sell-side analysts predict that BB Seguridade Participacoes will post 0.87 EPS for the current year.

BB Seguridade Participacoes Company Profile

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).