Three Top Dividend Stocks in Brazil
So you want to invest in Brazilian stocks? Have a seat while I fetch you a glass of water: You must have been out in the sun too long.
It's true that the Indice Bovespa, the country's benchmark equities index, has posted a gain of roughly 20% over the last three years. But bear in mind that in January 2016, the midpoint of the last 36 months, the Bovespa had lost 35% of its value, before staging a recovery.
Brazil's changing fortunes are responsible for this volatility. After several years of growth in which the country enjoyed status as one of the up-and-coming BRIC countries (i.e., Brazil, Russia, India, and China), it appears to have executed a sharp U-turn in recent years.
Source: Fool.com
Itau Unibanco Holdings S.A. ADR Stock
€7.10
3.520%
Currently there is a rather positive sentiment for Itau Unibanco Holdings S.A. ADR with 3 Buy predictions and 0 Sell predictions.
However, we have a potential of -1.41% for Itau Unibanco Holdings S.A. ADR as the target price of 7 € is below the current price of 7.1 €.
