Bank of China (OTCMKTS:BACHY) Upgraded to "Hold" at Zacks Research

Key Points

• Bank of China (OTCMKTS:BACHY) was upgraded to a "hold" rating by Zacks Research in a research note to investors.
• Shares opened at $16.42 with a market capitalization of $211.63 billion, a P/E of 6.46, 50-day/200-day moving averages of $15.29 and $14.72, and a 52-week range of $12.95–$16.93.
• Bank of China is a major state-owned commercial bank—one of China's "Big Four"—providing corporate and retail banking, trade finance, foreign exchange, treasury, investment banking and wealth-management services.

Bank of China (OTCMKTS:BACHY - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Bank of China Stock Performance

Shares of BACHY stock opened at $16.42 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $211.63 billion, a P/E ratio of 6.46 and a beta of 0.07. The company's 50 day moving average price is $15.29 and its two-hundred day moving average price is $14.72. Bank of China has a 52 week low of $12.95 and a 52 week high of $16.93.

About Bank of China

Bank of China OTCMKTS: BACHY is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China's largest and longest-established banking institutions and is commonly grouped with the nation's “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.

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