Bank of Communications (OTCMKTS:BCMXY) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Bank of Communications (OTCMKTS:BCMXY) to a "hold" rating in a research note issued Thursday.
• The bank reported quarterly EPS of $0.99, missing the $1.06 consensus while revenue beat at $8.50 billion versus $8.28 billion, and analysts forecast roughly 4.13 EPS for the current year.
• Shares opened at $22.00 and sit in a 52‑week range of $19.70–$25.00, with a market cap of $65.35 billion and a low trailing P/E of 5.87.

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

Bank of Communications Price Performance

OTCMKTS BCMXY opened at $22.00 on Thursday. Bank of Communications has a 52 week low of $19.70 and a 52 week high of $25.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.70. The stock has a market cap of $65.35 billion, a price-to-earnings ratio of 5.87 and a beta of -0.17. The company has a 50-day moving average price of $21.12 and a two-hundred day moving average price of $22.04.

Bank of Communications (OTCMKTS:BCMXY - Get Free Report) last posted its earnings results on Friday, March 27th. The bank reported $0.99 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.07). Bank of Communications had a return on equity of 7.67% and a net margin of 18.67%.The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.28 billion. Analysts forecast that Bank of Communications will post 4.13 EPS for the current year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. OTCMKTS: BCMXY is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China's large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company's core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.