Itau Unibanco (NYSE:ITUB) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a report issued on Friday, The Fly reports.
Several other research firms have also recently commented on ITUB. Zacks Investment Research cut Itau Unibanco from a “buy” rating to a “sell” rating in a research note on Monday, April 15th. ValuEngine cut Itau Unibanco from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. Scotiabank raised Itau Unibanco from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 26th. Finally, Bank of America cut Itau Unibanco from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 5th. Seven research analysts have rated the stock with a hold rating, Itau Unibanco presently has an average rating of “Hold” and a consensus price target of $12.00.
NYSE ITUB traded down $0.04 during trading hours on Friday, hitting $7.75. 5,734,490 shares of the company’s stock were exchanged, compared to its average volume of 15,603,150. Itau Unibanco has a 1-year low of $6.57 and a 1-year high of $10.80. The stock has a market capitalization of $77.03 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.09 and a beta of 1.00. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.33 and a quick ratio of 1.33.
Itau Unibanco Company Profile
Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.
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