Bank of Communications Co. (BCMXY) Upgraded to Hold at Zacks Investment Research

Bank of Communications Co. (OTCMKTS:BCMXY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, July 4th.

According to Zacks, “Bank of Communications Co. Ltd. is engaged in providing banking and related financial services to individual and corporate customers. The bank’s personal banking products and services includes time deposits, education savings, current and personal call deposits, housing loans, credit cards, quasi-credit and debit cards, wealth management, general consumption, global access and funds transfer. Its corporate banking products include current, time, and contracted deposit accounts; financing services, such as transfer of receivables, account overdrafts, bill discounting and buyout of inter bank credit assets; settlement services, cash management, and bancassurance and investment banking services. In addition, the bank also provides international banking services, such as forex wealth management, document settlement, trade finance, offshore banking, and remittance and bill services. Bank of Communications Co. Ltd. is headquartered in Shanghai, the People’s Republic of China. “

Shares of Bank of Communications (BCMXY) remained flat at $18.66 during trading on Tuesday. Bank of Communications has a 12 month low of $17.15 and a 12 month high of $20.45. The stock’s 50-day moving average price is $22.41 and its 200-day moving average price is $23.50. The stock has a market cap of $55.47 billion, a P/E ratio of 5.65 and a beta of -0.04.

TRADEMARK VIOLATION WARNING: This piece was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.baseball-news-blog.com/2017/07/27/bank-of-communications-co-bcmxy-lifted-to-hold-at-zacks-investment-research-updated-updated.html.

Get a free copy of the Zacks research report on Bank of Communications (BCMXY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank of Communications Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bank of Communications Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

one × 3 =