China CITIC Bank (OTCMKTS:CHCJY) Stock Rating Upgraded by Zacks Research

Key Points

• Analysts at Zacks Research upgraded China CITIC Bank to a "hold" rating in a report issued on Thursday.
• The stock opened at $21.11 with a market cap of $51.65 billion, a P/E of 6.46, and a 12‑month range of $14.17 to $22.30, with 50‑ and 200‑day moving averages near $19.62 and $18.82 respectively.
• China CITIC Bank is a major Beijing‑based commercial bank offering corporate, retail and treasury services and trades on the U.S. OTC market under the ticker CHCJY.

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

China CITIC Bank Price Performance

Shares of CHCJY opened at $21.11 on Thursday. The stock has a market cap of $51.65 billion, a P/E ratio of 6.46 and a beta of 0.41. The business's fifty day moving average is $19.62 and its 200 day moving average is $18.82. China CITIC Bank has a 12-month low of $14.17 and a 12-month high of $22.30. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.51.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.

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