Shares of Banco Do Brasil SA (OTCMKTS:BDORY – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.36 and traded as low as $3.5950. Banco Do Brasil shares last traded at $3.68, with a volume of 713,995 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on BDORY shares. The Goldman Sachs Group lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Zacks Research cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Report on BDORY
Banco Do Brasil Stock Down 0.5%
About Banco Do Brasil
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.
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