Petroleo Brasileiro S.A.- Petrobras (PBR) Given Average Rating of “Hold” by Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has received a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.52.

Several brokerages recently issued reports on PBR. TheStreet raised Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Credit Suisse Group set a $12.00 target price on Petroleo Brasileiro S.A.- Petrobras and gave the company a “buy” rating in a research note on Friday, August 11th. Deutsche Bank AG raised Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th.

Petroleo Brasileiro S.A.- Petrobras (PBR) traded up 3.27% on Friday, hitting $10.73. The stock had a trading volume of 18,211,562 shares. The company’s 50 day moving average price is $10.27 and its 200-day moving average price is $9.16. The company’s market cap is $69.98 billion. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.19.

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Several hedge funds have recently modified their holdings of PBR. First Trust Advisors LP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $157,000. Oppenheimer & Co. Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $110,000. AQR Capital Management LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 202,355 shares of the oil and gas exploration company’s stock valued at $1,961,000 after purchasing an additional 32,544 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $118,000. Finally, Eqis Capital Management Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock valued at $128,000 after purchasing an additional 1,262 shares during the period. Institutional investors own 5.62% of the company’s stock.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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