BB Seguridade Participacoes (OTCMKTS:BBSEY) Stock Rating Lowered by Zacks Research

BB Seguridade Participacoes (OTCMKTS:BBSEY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, Citigroup downgraded BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Two research 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, BB Seguridade Participacoes currently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Stock Performance

Shares of OTCMKTS BBSEY opened at $7.16 on Tuesday. The company has a market cap of $13.90 billion, a P/E ratio of 7.87 and a beta of 0.39. The firm’s fifty day moving average is $7.86 and its two-hundred day moving average is $7.43. BB Seguridade Participacoes has a 52-week low of $6.01 and a 52-week high of $8.81.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its earnings results on Tuesday, November 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. The firm had revenue of $505.31 million for the quarter, compared to analysts’ expectations of $498.02 million. As a group, analysts forecast that BB Seguridade Participacoes will post 0.85 EPS for the current fiscal 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.