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

Zacks Research cut shares of Banco Do Brasil (OTCMKTS:BDORY) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

Separately, Citigroup cut Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Banco Do Brasil Stock Up 1.4%

Shares of OTCMKTS BDORY opened at $4.02 on Thursday. Banco Do Brasil has a 12-month low of $3.35 and a 12-month high of $5.51. The firm’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $3.98. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.97. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 10.31 and a beta of 0.45.

Banco Do Brasil (OTCMKTS:BDORY) last announced its earnings results on Thursday, November 13th. The financial services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Banco Do Brasil had a return on equity of 12.73% and a net margin of 3.75%.The company had revenue of $7.14 billion during the quarter, compared to the consensus estimate of $7.06 billion. On average, research analysts expect that Banco Do Brasil will post 1.08 earnings per share 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.