Banco Do Brasil (OTCMKTS:BDORY) Rating Lowered to “Strong Sell” at Zacks Research

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

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

Banco Do Brasil Stock Up 1.4%

Shares of BDORY opened at $4.02 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $23.04 billion, a P/E ratio of 10.31 and a beta of 0.45. The firm has a fifty day moving average price of $4.11 and a 200-day moving average price of $3.98. Banco Do Brasil has a 12-month low of $3.35 and a 12-month high of $5.51.

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

Banco Do Brasil Company Profile

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.