Agri Bank China (OTCMKTS:ACGBY) Raised to “Strong-Buy” at Zacks Research

Agri Bank China (OTCMKTS:ACGBY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Citigroup cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Agri Bank China Trading Up 4.6%

Shares of ACGBY stock opened at $17.94 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $251.15 billion, a P/E ratio of 6.45 and a beta of 0.11. The company has a 50 day moving average price of $18.46 and a 200 day moving average price of $17.96. Agri Bank China has a fifty-two week low of $15.85 and a fifty-two week high of $21.00.

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.