Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Tuesday,Zacks.com reports.
Ping An Insurance Co. of China Trading Up 2.6%
Shares of OTCMKTS:PNGAY opened at $15.93 on Tuesday. The company has a market capitalization of $145.60 billion, a price-to-earnings ratio of 7.77 and a beta of 0.30. Ping An Insurance Co. of China has a 12-month low of $10.07 and a 12-month high of $18.92. The business has a 50-day moving average price of $16.85 and a 200 day moving average price of $15.97.
Ping An Insurance Co. of China (OTCMKTS:PNGAY - Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported $0.03 EPS for the quarter. The company had revenue of $33.66 billion for the quarter. Ping An Insurance Co. of China had a net margin of 11.80% and a return on equity of 10.00%. As a group, equities research analysts predict that Ping An Insurance Co. of China will post 2.12 earnings per share for the current fiscal year.
Ping An Insurance Co. of China Company Profile
(
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Ping An Insurance Company of China, Ltd., commonly known as Ping An, is a diversified financial services conglomerate headquartered in Shenzhen, China. Founded in 1988 as one of the country's first joint-stock insurance companies, Ping An has developed broad capabilities across life insurance, property and casualty insurance, health insurance and annuity products. The company serves individual and corporate customers with a range of protection and savings products, including life policies, auto and property coverage, commercial insurance solutions and retirement-oriented offerings.
Beyond traditional insurance underwriting, Ping An operates an integrated financial services platform that includes retail and corporate banking, asset and wealth management, securities brokerage and investment services.
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