Zacks Investment Research upgraded shares of OVERSEA-CHINESE BK (NASDAQ:OVCHY) from a strong sell rating to a hold rating in a report released on Tuesday, July 25th.
According to Zacks, “Oversea-Chinese Banking Corp. Ltd. is a commercial bank. It offers both financial and banking services. The bank’s segments comprises The Global Consumer/Private Banking segment which offers checking accounts, fixed deposits, savings, consumer loans, credit cards, wealth management products, and brokerage services. The Global Corporate/Investment Banking segment provides project financing, overdrafts, deposit accounts, trade financing, syndicated loans, advisory services, and cash management. The Global Treasury and Markets segment deals with foreign exchange rates, money market, fixed income and derivatives trading. The Insurance segment offers fund management as well as life and general insurance. The OCBC Wing Hang segment engages in commercial banking activities. The Others segment includes property and investment holding operations. Oversea-Chinese Banking Corp. Ltd is headquartered in Singapore. “
OVERSEA-CHINESE BK (NASDAQ OVCHY) traded down 0.43% during mid-day trading on Tuesday, reaching $16.24. 648 shares of the company’s stock were exchanged. The stock has a market cap of $33.97 billion and a P/E ratio of 12.42. The stock has a 50-day moving average price of $16.18 and a 200-day moving average price of $14.65. OVERSEA-CHINESE BK has a 52 week low of $11.90 and a 52 week high of $16.99.
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