Banco Do Brasil (OTCMKTS:BDORY) Reaches New 1-Year Low – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY) shares reached a new 52-week low during trading on Thursday. The company traded as low as $2.77 and last traded at $2.80, with a volume of 446,850 shares. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BDORY shares. Citigroup lowered Banco Do Brasil from a “buy” rating to a “sell” rating in a report on Tuesday, October 27th. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Sell”.

Banco Do Brasil Price Performance

The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 0.58 and a beta of 0.46. The company’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.33. The company has a current ratio of 0.73, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56.

Banco Do Brasil Company Profile

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.