Banco Do Brasil (BDORY) Expected to Announce Quarterly Earnings on Wednesday

Banco Do Brasil (OTCMKTS:BDORY) is projected to release its results before the market opens on Wednesday, November 11th. Analysts expect Banco Do Brasil to announce earnings of $0.1377 per share and revenue of $8.04 billion for the quarter.

Banco Do Brasil Trading Up 1.5%

OTCMKTS BDORY traded up $0.04 on Wednesday, reaching $3.04. The company had a trading volume of 37,089 shares, compared to its average volume of 616,895. The stock’s 50 day moving average is $4.34 and its 200-day moving average is $4.37. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.58 and a beta of 0.46. The company has a quick ratio of 0.93, a current ratio of 0.73 and a debt-to-equity ratio of 1.56. Banco Do Brasil has a 52 week low of $2.95 and a 52 week high of $5.47.

Analyst Upgrades and Downgrades

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

Banco Do Brasil Company Profile

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, farmers, corporations and government entities. The bank offers deposit accounts, consumer and commercial lending, credit and debit cards, payment services, foreign-exchange operations, investment products and other traditional banking services.

The company is also a major provider of financing and banking support for Brazil’s agricultural sector, serving producers, agribusiness companies and rural communities.