BANCO DO BRASIL/S (OTCMKTS:BDORY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

BANCO DO BRASIL/S (OTCMKTS:BDORY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.15 and traded as high as $4.68. BANCO DO BRASIL/S shares last traded at $4.60, with a volume of 602,632 shares changing hands.

Analyst Upgrades and Downgrades

BDORY has been the topic of a number of analyst reports. Citigroup lowered 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 downgraded 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 Stock Up 3.7 %

The stock has a 50 day moving average of $4.15 and a 200 day moving average of $4.63. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 4.07, a P/E/G ratio of 1.42 and a beta of 1.02.

BANCO DO BRASIL/S Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were given a $0.0227 dividend. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s payout ratio is presently 7.96%.

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.