Banco Do Brasil (OTCMKTS:BDORY) Stock Rating Lowered by Citigroup

Banco Do Brasil (OTCMKTS:BDORY) was downgraded by investment analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Banco Do Brasil Stock Up 1.9%

Shares of OTCMKTS:BDORY traded up $0.08 during midday trading on Thursday, hitting $4.36. 1,839,721 shares of the company’s stock were exchanged, compared to its average volume of 789,256. Banco Do Brasil has a 12 month low of $3.35 and a 12 month high of $5.51. The company has a market cap of $24.99 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.59. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50 day moving average price of $4.11 and a 200-day moving average price of $4.11.

Banco Do Brasil (OTCMKTS:BDORY) last issued its quarterly earnings data on Thursday, November 13th. The financial services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Banco Do Brasil had a return on equity of 15.84% and a net margin of 4.99%.The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.06 billion. On average, sell-side analysts anticipate that Banco Do Brasil will post 1.08 EPS for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.