Zacks Research upgraded shares of Standard Chartered (OTCMKTS:SCBFY – Free Report) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks reports.
Standard Chartered Stock Performance
OTCMKTS SCBFY opened at $59.12 on Wednesday. The company’s fifty day moving average is $58.54 and its two-hundred day moving average is $53.61. Standard Chartered has a 52-week low of $40.19 and a 52-week high of $63.15.
About Standard Chartered
Standard Chartered is an international banking group headquartered in London. The company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East. The group traces its roots to two banks founded in the 19th century: the Chartered Bank of India, Australia and China, established in 1853, and the Standard Bank of British South Africa, established in 1862. The banks merged in 1969 to form Standard Chartered.
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