Banco Do Brasil (OTCMKTS:BDORY) Cut to Strong Sell at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Banco Do Brasil (OTCMKTS:BDORY) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

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

Banco Do Brasil Stock Down 2.0%

Banco Do Brasil stock opened at $4.47 on Wednesday. Banco Do Brasil has a fifty-two week low of $3.35 and a fifty-two week high of $5.51. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50 day moving average price of $4.80 and a 200 day moving average price of $4.43. The company has a market capitalization of $25.62 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.32 and a beta of 0.44.

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