Banco Do Brasil (OTCMKTS:BDORY) Upgraded at Zacks Research

Zacks Research upgraded shares of Banco Do Brasil (OTCMKTS:BDORY) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, Citigroup lowered shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Do Brasil Price Performance

Shares of OTCMKTS BDORY opened at $4.79 on Monday. The stock has a market cap of $27.45 billion, a P/E ratio of 12.28 and a beta of 0.39. Banco Do Brasil has a twelve month low of $3.35 and a twelve month high of $5.51. The stock has a 50 day moving average of $4.20 and a two-hundred day moving average of $4.04. 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 announced its earnings results on Thursday, November 13th. The financial services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Banco Do Brasil had a net margin of 3.75% and a return on equity of 12.73%. The business had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.06 billion. On average, research analysts forecast 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.