PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of PT Bank Negara Indonesia (Persero) Tbk (OTCMKTS:PTBRY) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

PT Bank Negara Indonesia (Persero) Tbk Price Performance

Shares of OTCMKTS PTBRY opened at $10.09 on Monday. The firm has a fifty day moving average of $10.45 and a 200-day moving average of $11.97. PT Bank Negara Indonesia has a 52-week low of $8.38 and a 52-week high of $15.49.

PT Bank Negara Indonesia (Persero) Tbk Company Profile

PT Bank Negara Indonesia (Persero) Tbk, commonly known as BNI, is one of Indonesia’s oldest and largest state-owned commercial banks. Established in 1946 shortly after the country’s independence, BNI was originally tasked with financing the fledgling republic’s economic development. Over the decades, it has grown into a diversified financial institution offering an array of banking services for retail, small and medium-sized enterprises (SMEs), corporates and institutional clients.

BNI’s core business activities encompass corporate and commercial banking, consumer and retail lending, trade finance, treasury and cash management, as well as wealth management products.