Zacks Research Downgrades Banco Do Brasil (OTCMKTS:BDORY) to Strong Sell

Banco Do Brasil (OTCMKTS:BDORY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Do Brasil presently has a consensus rating of “Sell”.

Banco Do Brasil Price Performance

BDORY opened at $4.16 on Wednesday. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.48. The company’s 50 day simple moving average is $3.99 and its 200 day simple moving average is $4.43. The stock has a market capitalization of $23.84 billion, a PE ratio of 10.15, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%. As a group, sell-side analysts expect that Banco Do Brasil will post 0.64 EPS for the current 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.