Itau Unibanco (ITUB) Given Daily Coverage Optimism Rating of 0.57

Press coverage about Itau Unibanco (NYSE:ITUB) has trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Itau Unibanco earned a news impact score of 0.57 on their scale. InfoTrie also gave headlines about the bank an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.

A number of analysts have recently issued reports on ITUB shares. ValuEngine cut shares of Itau Unibanco from a “buy” rating to a “hold” rating in a research note on Monday, November 26th. Citigroup cut shares of Itau Unibanco from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Finally, Morgan Stanley raised shares of Itau Unibanco from an “underweight” rating to an “equal weight” rating in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Itau Unibanco currently has an average rating of “Hold” and an average target price of $16.50.

Shares of NYSE ITUB opened at $9.22 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $91.15 billion, a PE ratio of 12.14, a PEG ratio of 1.31 and a beta of 1.20. Itau Unibanco has a 1 year low of $6.57 and a 1 year high of $11.32.

Itau Unibanco (NYSE:ITUB) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.96 billion. Itau Unibanco had a net margin of 15.44% and a return on equity of 17.22%. As a group, research analysts predict that Itau Unibanco will post 0.71 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 14th. Stockholders of record on Tuesday, December 4th will be paid a $0.0039 dividend. The ex-dividend date is Monday, December 3rd. This is a boost from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.51%. Itau Unibanco’s dividend payout ratio is 3.95%.

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About Itau Unibanco

Itaú Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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