BANCO DO BRASIL/S (OTCMKTS:BDORY) Shares Pass Below 200-Day Moving Average – What’s Next?

BANCO DO BRASIL/S (OTCMKTS:BDORY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.65 and traded as low as $4.18. BANCO DO BRASIL/S shares last traded at $4.30, with a volume of 381,430 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on BDORY. Citigroup cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

BANCO DO BRASIL/S Trading Up 3.9 %

The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 3.81, a PEG ratio of 1.63 and a beta of 1.02. The company’s 50-day moving average is $4.18 and its 200-day moving average is $4.65. The company has a quick ratio of 1.04, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

BANCO DO BRASIL/S Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were given a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is currently 7.08%.

BANCO DO BRASIL/S Company Profile

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.