Tudor Pickering Lowers Petroleo Brasileiro SA to Accumulate (PBR)

By admin | 6 years ago

Petroleo Brasileiro SA (NYSE: PBR) was downgraded by equities researchers at Tudor Pickering from a “buy” rating to an “accumulate” rating in a report issued on Friday.

Petroleo Brasileiro SA traded up 0.78% on Friday, hitting $19.40. Petroleo Brasileiro SA has a 52-week low of $20.76 and a 52-week high of $37.72. The company has a market cap of $126.5 billion and a price-to-earnings ratio of 7.43.

A number of other analysts have also recently weighed in on PBR. Analysts at Societe Generale upgraded shares of Petroleo Brasileiro SA from a “hold” rating to a “buy” rating in a research note to investors on Friday, May 18th. They now have a $25.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Petroleo Brasileiro SA in a research note to investors on Wednesday, April 25th. They now have a $25.00 price target on the stock.

Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company. The Company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international.

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