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

Banco Do Brasil (OTCMKTS:BDORY) was downgraded by investment 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 report 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, the stock has a consensus rating of “Sell”.

Banco Do Brasil Trading Down 1.4%

OTCMKTS BDORY opened at $4.16 on Wednesday. Banco Do Brasil has a 12-month low of $3.35 and a 12-month high of $5.48. The company has a fifty day simple moving average of $3.99 and a two-hundred day simple moving average of $4.43. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a market cap of $23.84 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.40 and a beta of 0.41.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. On average, analysts forecast that Banco Do Brasil will post 0.64 earnings per share 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.