Agri Bank China (OTCMKTS:ACGBY) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Agri Bank China (OTCMKTS:ACGBY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Citigroup downgraded 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’s stock. According to data from MarketBeat, Agri Bank China currently has an average rating of “Buy”.

Agri Bank China Trading Up 4.6%

Shares of Agri Bank China stock opened at $17.94 on Tuesday. The firm’s 50 day simple moving average is $18.46 and its two-hundred day simple moving average is $17.96. The firm has a market capitalization of $251.15 billion, a price-to-earnings ratio of 6.45 and a beta of 0.11. Agri Bank China has a 12-month low of $15.85 and a 12-month high of $21.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.03.

Agri Bank China Company Profile

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.