Hang Seng Bank (OTCMKTS:HSNGY) Upgraded to Hold at Zacks Research

Key Points

• Hang Seng Bank has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a more favorable outlook from analysts.
• Conversely, UBS Group has lowered the bank's rating from "hold" to "strong sell," contributing to a mixed sentiment among analysts.
• The current stock price of Hang Seng Bank is $15.10, showing a modest trading increase of 1.0%.

Hang Seng Bank (OTCMKTS:HSNGY - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Separately, UBS Group lowered Hang Seng Bank from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hang Seng Bank currently has an average rating of "Reduce".

Hang Seng Bank Trading Up 1.0%

Shares of HSNGY opened at $15.10 on Monday. The stock has a 50 day moving average of $14.76 and a 200-day moving average of $14.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.19. Hang Seng Bank has a 52 week low of $11.25 and a 52 week high of $16.34.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.

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