JAPAN POST BANK (OTCMKTS:JPPTY) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Japan Post Bank to a "Hold" and Goldman Sachs recently upgraded it to a "Buy", leaving the stock with an average rating of "Moderate Buy" based on one Buy and one Hold.
• Shares opened at $18.15, with a 50‑day moving average of $18.12 and a 200‑day moving average of $14.45; the 12‑month trading range is $9.46 to $22.79.
• Japan Post Bank, a subsidiary of Japan Post Holdings, is one of Japan’s largest retail banks, using an extensive post‑office branch network to offer deposits, remittance and payment services and maintain a strong domestic deposit base.

JAPAN POST BANK (OTCMKTS:JPPTY - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of JAPAN POST BANK to a "buy" rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

JAPAN POST BANK Stock Performance

OTCMKTS JPPTY opened at $18.15 on Wednesday. The company's 50-day moving average price is $18.12 and its 200-day moving average price is $14.45. JAPAN POST BANK has a 12 month low of $9.46 and a 12 month high of $22.79.

JAPAN POST BANK Company Profile

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.

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