Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) shares saw unusually-strong trading volume on Tuesday. 43,218 shares were traded during trading, an increase of 13% from the previous session’s volume of 38,196 shares. The stock last traded at $44.96 and had previously closed at $45.30.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.
Read Our Latest Research Report on OVCHY
Oversea-Chinese Banking Stock Performance
The stock has a 50-day moving average price of $48.72 and a 200-day moving average price of $42.39.
About Oversea-Chinese Banking
Oversea-Chinese Banking Corporation Limited (OCBC) is a Singapore-based financial services group that provides banking, wealth management and insurance services to individuals, businesses and institutions. Its offerings include current and savings accounts, consumer and commercial loans, mortgages, credit cards, trade finance, transaction banking, treasury services and investment products.
Through its banking operations, OCBC serves retail, small-business, corporate and institutional customers.
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