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

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

Separately, The Goldman Sachs Group lowered shares of 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, Banco Do Brasil has a consensus rating of “Sell”.

Banco Do Brasil Price Performance

Shares of OTCMKTS BDORY opened at $4.05 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $23.21 billion, a PE ratio of 9.88, a P/E/G ratio of 0.40 and a beta of 0.41. Banco Do Brasil has a 1-year low of $3.35 and a 1-year high of $5.48. The business’s fifty day moving average price is $3.99 and its two-hundred day moving average price is $4.43.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings results on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a net margin of 3.34% and a return on equity of 8.86%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. On average, research 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.