Stock On Watch: Is Buying Itau Unibanco Holding SA (ADR) Here a Winning Strategy?

Stock On Watch: Is Buying Itau Unibanco Holding SA (ADR) Here a Winning Strategy?

The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is a huge mover today! About 9.75 million shares traded hands. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has risen 15.02% since April 13, 2016 and is uptrending. It has outperformed by 11.09% the S&P500.
The move comes after 5 months positive chart setup for the $62.90B company. It was reported on Nov, 15 by Barchart.com. We have $16.02 PT which if reached, will make NYSE:ITUB worth $33.34B more.

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) Ratings Coverage

Out of 8 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 2 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 25% are positive. Itau Unibanco Banco Holding SA has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Tuesday, August 16 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Underperform” rating given on Tuesday, October 13 by Credit Suisse. The stock has “Underperform” rating given by Scotia Capital on Tuesday, March 15. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, April 27 report. The rating was downgraded by Citigroup on Thursday, October 15 to “Neutral”. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has “Sell” rating given on Friday, April 8 by Citigroup. On Tuesday, March 29 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) earned “Hold” rating by Deutsche Bank on Tuesday, March 22. Goldman Sachs upgraded Itau Unibanco Holding SA (ADR) (NYSE:ITUB) on Wednesday, July 20 to “Neutral” rating.

According to Zacks Investment Research, “BANCO ITAU -ADR’s main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run.”

Another recent and important Itau Unibanco Holding SA (ADR) (NYSE:ITUB) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.

ITUB Company Profile

Itau Unibanco Holding S.A. (Itau Unibanco Holding), incorporated on October 9, 1943, is a holding company. The Firm provides a range of financial services and products to individual and corporate clients in Brazil and abroad. The Firm operates through three divisions: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Firm is engaged in banking activities, through its commercial, investment, real estate loan, finance and investment credit, and lease portfolios, including foreign exchange activities and other complementary activities, with emphasis on insurance, private pension plans, capitalization, securities brokerage and administration of credit cards, consortia, investment funds and managed portfolios. The Company’s distribution network is divided into standard channels, which include branches, customer site branches (which are banking service centers located at certain corporate clients) (CSBs), automatic teller machines (ATMs), telephones, and digital channels, such as Internet banking and mobile banking. The Company’s standard branch network reaches approximately 3,910 branches. It has over 25 branches in Brazil. The Company’s services and products include credit cards, payroll loans, vehicles, real estate financing and mortgages, consortia services fees, merchant acquirer, insurance, pension plans, premium bonds and retail banking.

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