Banco Do Brasil (OTCMKTS:BDORY) Stock Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Banco Do Brasil's stock crossed above its fifty-day moving average of $3.88, trading as high as $4.21, with a last traded price of $4.18 and a volume of 304,516 shares.
• Citigroup upgraded Banco Do Brasil from a "hold" to a "buy" rating, while the consensus rating remains a "hold" among analysts.
• The company has a market cap of $23.95 billion and a price-to-earnings ratio of 8.53, indicating a relatively low valuation in terms of earnings compared to its market size.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.88 and traded as high as $4.21. Banco Do Brasil shares last traded at $4.18, with a volume of 304,516 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Banco Do Brasil from a "hold" rating to a "buy" rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Banco Do Brasil Price Performance

The company has a 50 day moving average price of $3.88 and a 200-day moving average price of $4.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.95. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 2.17 and a beta of 0.61.

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.

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