Ita (ITUB) Jumps: Stock Rises 7.6% - Tale of the Tape

By Zacks Equity Research,

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Ita ( ITUB ) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.95 to $12.88 since Jan 16.

The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases over the past 30 days. However, the Zacks Consensus Estimate for the current quarter has not been in a trend over the same time frame. Yesterday's jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

Ita currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

However, some better-ranked foreign banks include Banco Bilbao Vizcaya Argentaria, S.A. ( BBVA ), Shinhan Financial Group Co. Ltd. ( SHG ) and Societe Generale Group ( SCGLY ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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BANCO ITAU -ADR (ITUB): Free Stock Analysis Report


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: BBVA , ITUB , SCGLY , SHG

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