HSBC downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to Hold in a statement released earlier today.
- Updated: October 17, 2016
Having a price of $11.38, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded 2.20% higher on the day. With the last stock price up 45.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PBR has recorded a 50-day average of $9.68 and a two hundred day average of $7.85. Volume of trade was down over the average, with 12,447,376 shares of PBR changing hands under the typical 22,516,600
HSBC has downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to Hold in a statement released on 10/17/2016.
On 10/10/2016, Vetr Inc. released a statement about Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) upped the target price from $0.00 to $9.84 that suggested a downside of -0.05%.
With a total market value of $0, Petroleo Brasileiro SA Petrobras (ADR) has with a one year low of $2.71 and a one year high of $11.42 .
A total of 8 brokerages have issued a research note on the company. 0 brokers rating the stock a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, 4 brokerages rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $4.88.
More About Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)
Petroleo Brasileiro S.A.-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. It operates in segments: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels, and Distribution. It carries out energy related activities, such as research, development, production, transport, distribution and trading of various forms of energy, as well as other related or similar activities. It owns and operates over three LNG terminals using approximately three Floating Storage and Regasification Units (FSRUs) in Guanabara Bay (State of Rio de Janeiro) with a send-out capacity of over 700 million cubic feet per day (mmcf/d), in Pecem (State of Ceara) in Northeastern Brazil and in the Todos os Santos Bay (State of Bahia).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.