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

Zacks Research lowered shares of Banco Do Brasil (OTCMKTS:BDORY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Banco Do Brasil Stock Down 1.4%

BDORY opened at $4.16 on Wednesday. The company has a fifty day moving average price of $3.99 and a 200-day moving average price of $4.43. The firm has a market capitalization of $23.84 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.93. Banco Do Brasil has a one year low of $3.35 and a one year high of $5.48.

Banco Do Brasil (OTCMKTS:BDORY) last released its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $7.84 billion. Equities research analysts expect that Banco Do Brasil will post 0.64 earnings per share for the current fiscal 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.