BB Seguridade Participacoes (OTCMKTS:BBSEY) Sees Large Volume Increase – What’s Next?

by · The Markets Daily

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY – Get Free Report) saw an uptick in trading volume on Friday. 183,282 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 137,007 shares. The stock last traded at $8.27 and had previously closed at $8.20.

Analyst Ratings Changes

A number of brokerages have issued reports on BBSEY. Citigroup cut shares of BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Zacks Research upgraded shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Get Our Latest Stock Analysis on BBSEY

BB Seguridade Participacoes Stock Up 0.9%

The company has a market capitalization of $16.06 billion, a P/E ratio of 9.19 and a beta of 0.39. The company’s fifty day moving average price is $7.83 and its 200 day moving average price is $7.55.

BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. The business had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. Research analysts predict that BB Seguridade Participacoes SA will post 0.87 earnings per share for the current fiscal year.

BB Seguridade Participacoes Company Profile

(Get Free Report)

BB Seguridade Participações SA is a Brazilian holding company focused on insurance, brokerage, and related financial-protection businesses. The company operates through subsidiaries and investee companies that offer products designed to protect individuals, families, farmers, and businesses against a range of risks.

Its activities include the distribution and brokerage of insurance products, including life, property, rural, auto, and other coverage, as well as private pension and capitalization products.

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