Inter & Co. Inc. (NASDAQ:INTR) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Inter & Co. Inc. (NASDAQ:INTR) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks reports.

A number of other brokerages have also weighed in on INTR. The Goldman Sachs Group set a $9.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Inter & Co. Inc. from $9.00 to $11.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. UBS Group raised their price objective on shares of Inter & Co. Inc. from $8.80 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Inter & Co. Inc. in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.30.

Inter & Co. Inc. Stock Down 1.0%

Inter & Co. Inc. stock opened at $3.96 on Monday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.20 and a beta of 1.01. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $6.64. Inter & Co. Inc. has a 52 week low of $3.75 and a 52 week high of $10.36.

Institutional Trading of Inter & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in INTR. Drive Wealth Management LLC acquired a new position in Inter & Co. Inc. in the third quarter worth approximately $142,000. Diversified Trust Co acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter valued at $424,000. Russell Investments Group Ltd. acquired a new stake in shares of Inter & Co. Inc. during the 3rd quarter valued at $798,000. R Squared Ltd boosted its stake in shares of Inter & Co. Inc. by 31.6% during the 3rd quarter. R Squared Ltd now owns 18,435 shares of the company’s stock worth $98,000 after acquiring an additional 4,426 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Inter & Co. Inc. by 6.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 189,269 shares of the company’s stock worth $1,011,000 after acquiring an additional 10,850 shares in the last quarter. 22.90% of the stock is currently owned by institutional investors.

Inter & Co. Inc. Company Profile

Inter & Co. Inc. is a digital financial services company whose platform is centered on Banco Inter, a Brazilian digital bank. The company offers banking services such as accounts, payments, credit and debit cards, lending, and financial products, including investment and insurance offerings. Its broader digital platform also includes shopping and lifestyle services, as well as tools for customers making international transactions. Inter serves customers primarily in Brazil and has expanded its offerings to include services for clients in the United States.