Banco Do Brasil (OTCMKTS:BDORY) Stock Rating Lowered by The Goldman Sachs Group

Banco Do Brasil (OTCMKTS:BDORY) was downgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Zacks Research raised Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Banco Do Brasil Trading Up 3.2%

BDORY opened at $4.56 on Wednesday. Banco Do Brasil has a one year low of $3.35 and a one year high of $5.51. The stock has a market capitalization of $26.13 billion, a PE ratio of 10.60, a P/E/G ratio of 0.31 and a beta of 0.47. The business’s 50 day moving average price is $4.80 and its 200 day moving average price is $4.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90.

Banco Do Brasil (OTCMKTS:BDORY) last announced its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $7.41 billion. Banco Do Brasil had a return on equity of 11.06% and a net margin of 3.76%. As a group, equities research analysts expect that Banco Do Brasil will post 0.79 EPS 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.