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

BB Seguridade Participacoes (OTCMKTS:BBSEY) was downgraded by investment 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 BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

BB Seguridade Participacoes Price Performance

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

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Monday, May 4th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $471.89 million for the quarter, compared to analysts’ expectations of $529.60 million. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%. 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).