Banco Do Brasil (OTCMKTS:BDORY) Downgraded to Strong Sell Rating by Zacks Research

Banco Do Brasil (OTCMKTS:BDORY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Banco Do Brasil has an average rating of “Reduce”.

Banco Do Brasil Trading Up 1.4%

Banco Do Brasil stock opened at $4.02 on Thursday. Banco Do Brasil has a 12 month low of $3.35 and a 12 month high of $5.51. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 10.31 and a beta of 0.45. The business’s fifty day simple moving average is $4.11 and its two-hundred day simple moving average is $3.98. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.97.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Thursday, November 13th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.06 billion. Banco Do Brasil had a return on equity of 12.73% and a net margin of 3.75%. As a group, equities analysts predict that Banco Do Brasil will post 1.08 earnings per share for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.