UBS (UBS) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of UBS (NYSE:UBS) from a neutral rating to a buy rating in a research report report published on Friday, November 10th, MarketBeat reports.

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of UBS from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of UBS from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Friday, September 1st. Morgan Stanley restated a buy rating on shares of UBS in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of UBS from a buy rating to a hold rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.00.

UBS (NYSE UBS) traded down $0.03 on Friday, hitting $17.28. 3,889,500 shares of the company were exchanged, compared to its average volume of 2,008,175. The stock has a market cap of $66,640.00 and a PE ratio of 15.14. UBS has a 52 week low of $15.10 and a 52 week high of $18.31. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.21 and a current ratio of 1.21.

Large investors have recently modified their holdings of the stock. Mountain Capital Investment Advisors Inc bought a new position in UBS in the 2nd quarter worth about $118,000. Fiduciary Trust Co. bought a new position in UBS in the 2nd quarter worth about $136,000. Segantii Capital Management Ltd bought a new position in UBS in the 2nd quarter worth about $166,000. Oppenheimer & Co. Inc. bought a new position in UBS in the 2nd quarter worth about $173,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in UBS by 36.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,468 shares of the bank’s stock worth $178,000 after acquiring an additional 2,809 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

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About UBS

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.

Analyst Recommendations for UBS (NYSE:UBS)

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