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.
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