BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $7.16, but opened at $6.52. BB Seguridade Participacoes shares last traded at $6.57, with a volume of 10,545 shares trading hands.
Wall Street Analyst Weigh In
BBSEY has been the topic of a number of analyst reports. Zacks Research downgraded BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Citigroup lowered shares of BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Get Our Latest Report on BBSEY
BB Seguridade Participacoes Price Performance
The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 7.27 and a beta of 0.39. The firm has a 50-day moving average price of $7.82 and a two-hundred day moving average price of $7.43.
BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $505.31 million for the quarter, compared to analyst estimates of $498.02 million. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. On average, equities analysts predict that BB Seguridade Participacoes SA will post 0.85 EPS for the current year.
About BB Seguridade Participacoes
BB Seguridade Participações S.A. is a Brazilian holding company focused on insurance, pension, capitalization and related financial services. It provides these products primarily through subsidiaries and business partnerships, rather than directly to customers. Its businesses include insurance products such as life, property and rural coverage; private pension plans; capitalization bonds; and brokerage and distribution services. The company uses Banco do Brasil’s customer network to help distribute products.
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