Itau Unibanco Holding SA Given BBB+ Credit Rating by Morningstar (ITUB)

Itau Unibanco Holding SA logoItau Unibanco Holding SA (NASDAQ:ITUB) has been given a “BBB+” credit rating by Morningstar. The investment research firm’s “BBB+” rating suggests that the company is a moderate default risk. They also gave their stock a three star rating. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Itau Unibanco Holding SA in a research note on Wednesday, September 17th. They now have a $17.50 price target on the stock. Itau Unibanco Holding SA (NASDAQ:ITUB) opened at 15.06 on Friday. Itau Unibanco Holding SA has a 52-week low of $10.8546 and a 52-week high of $18.49. The stock’s 50-day moving average is $14.41 and its 200-day moving average is $15.19. The company has a market cap of $82.467 billion and a price-to-earnings ratio of 11.10. Itau Unibanco Holding SA also was the recipient of some unusual options trading on Thursday. Investors purchased 7,065 call options on the company. This represents an increase of approximately 218% compared to the typical daily volume of 2,223 call options. Itau Unibanco Holding SA (NASDAQ:ITUB) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. Analysts expect that Itau Unibanco Holding SA will post $1.49 EPS for the current fiscal year. The company also recently declared a monthly dividend, which is scheduled for Monday, January 12th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.0059 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 1st. Itau Unibanco Holding SA is a Brazil-based holding active in the banking sector. The Company divides its activities into four segments: Commercial Banking, which offers retail banking and legal entities customers services, among others; Itau BBA, which offers products and wholesale services for companies as well as investment banking activities; Consumer Credit, which provides financial products and services such as checking accounts, auto loans and credit card transactions, among others; Market and Corporation Activity, which provides excess cash management, subordinated debt surplus administration and leads observations on certain treasury activities, among others. To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170. Receive News & Ratings for Itau Unibanco Holding SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itau Unibanco Holding SA and related companies with Analyst Ratings Network's FREE daily email newsletter.