Agri Bank China (OTCMKTS:ACGBY) Raised to “Hold” at Zacks Research

Agri Bank China (OTCMKTS:ACGBY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

Agri Bank China Stock Performance

Agri Bank China stock opened at $19.68 on Thursday. Agri Bank China has a 12-month low of $14.62 and a 12-month high of $21.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The business’s 50-day moving average price is $17.60 and its two-hundred day moving average price is $17.99. The stock has a market cap of $275.51 billion, a PE ratio of 7.26 and a beta of 0.03.

Agri Bank China (OTCMKTS:ACGBY) last released its earnings results on Monday, March 30th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $24.59 billion for the quarter. Agri Bank China had a return on equity of 9.35% and a net margin of 21.45%. As a group, analysts expect that Agri Bank China will post 3.02 earnings per share for the current fiscal year.

About Agri Bank China

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.