Banco Do Brasil (OTCMKTS:BDORY) Downgraded by Zacks Research to Strong Sell

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

Separately, The Goldman Sachs Group cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Banco Do Brasil Stock Performance

Shares of BDORY opened at $4.16 on Wednesday. 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 PEG ratio of 0.40 and a beta of 0.41. The company has a 50-day moving average of $3.99 and a two-hundred day moving average of $4.43. Banco Do Brasil has a 12-month low of $3.35 and a 12-month high of $5.48.

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). The business had revenue of $8.60 billion during 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%. As a group, research analysts predict that Banco Do Brasil will post 0.64 EPS for the current fiscal 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.