China Construction Bank (OTCMKTS:CICHY) Upgraded to “Hold” at Zacks Research

China Construction Bank (OTCMKTS:CICHY) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

China Construction Bank Trading Up 0.8%

OTCMKTS:CICHY opened at $19.55 on Monday. The firm has a 50-day simple moving average of $20.36 and a 200-day simple moving average of $20.11. China Construction Bank has a one year low of $14.75 and a one year high of $22.27. The firm has a market cap of $244.39 billion, a P/E ratio of 5.43 and a beta of 0.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87.

China Construction Bank (OTCMKTS:CICHY) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.44 billion. China Construction Bank had a net margin of 25.63% and a return on equity of 9.81%.

About China Construction Bank

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.