Ping An Insurance Co. of China (OTCMKTS:PNGAY) Downgraded by Zacks Research to "Hold"

Key Points

• Ping An Insurance Co. of China has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, signaling a shift in analyst sentiment.
• As of Tuesday, shares of Ping An opened at $13.32, reflecting a 0.7% decline in value.
• The company reported earnings of $0.63 per share for the last quarter, with a revenue of $40.08 billion.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Ping An Insurance Co. of China Stock Down 0.7%

Shares of OTCMKTS PNGAY opened at $13.32 on Tuesday. The company has a market capitalization of $121.28 billion, a P/E ratio of 7.28 and a beta of 0.36. Ping An Insurance Co. of China has a 52-week low of $9.90 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.49 and a current ratio of 0.47. The company's 50 day moving average price is $14.19 and its 200-day moving average price is $12.80.

Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $40.08 billion for the quarter. Ping An Insurance Co. of China had a net margin of 10.59% and a return on equity of 9.12%. Equities analysts forecast that Ping An Insurance Co. of China will post 2.12 earnings per share for the current year.

About Ping An Insurance Co. of China

Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and technology businesses in the People's Republic of China. The company operates through Life and Health Insurance; Property and Casualty Insurance; Banking; Asset Management; and Technology segments.

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