What’s Next for Itau Unibanco Holding SA (ADR) After Today’s Huge Increase?

The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) is a huge mover today! The stock closed at $6.21 during the last session. It is down 43.29% since June 30, 2015 and is downtrending. It has underperformed by 35.77% the S&P500.
The move comes after 5 months positive chart setup for the $36.57B company. It was reported on Feb, 4 by Barchart.com. We have $7.82 PT which if reached, will make NYSE:ITUB worth $9.51 billion more.

Out of 7 analysts covering Itau Unibanco Banco Holding SA (NYSE:ITUB), 5 rate it “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. Itau Unibanco Banco Holding SA was the topic in 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “BANCO ITAU -ADR’s main goal is to focus on an equilibrium between growth and profitability, aimed at always generating value for the stockholder in the long run.”

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