BB Seguridade Participações (OTCMKTS:BBSEY) Raised to Strong-Buy at The Goldman Sachs Group

BB Seguridade Participações (OTCMKTS:BBSEY) was upgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks.com reports.

BB Seguridade Participações Stock Performance

Shares of BB Seguridade Participações stock opened at $6.44 on Monday. BB Seguridade Participações has a 52-week low of $5.73 and a 52-week high of $7.67. The company’s 50 day moving average price is $6.43 and its 200-day moving average price is $6.34. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 1.92 and a beta of 0.99.

BB Seguridade Participações (OTCMKTS:BBSEY) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $483.13 million for the quarter. BB Seguridade Participações had a net margin of 85.25% and a return on equity of 78.54%. As a group, equities research analysts forecast that BB Seguridade Participações will post 0.69 earnings per share for the current fiscal year.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.